Triple Flag Precious Metals Corp. $TFPM Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,334 shares of the company’s stock after selling 3,037 shares during the period. Deutsche Bank AG owned about 0.06% of Triple Flag Precious Metals worth $2,458,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Tidal Investments LLC lifted its position in shares of Triple Flag Precious Metals by 221.9% during the 4th quarter. Tidal Investments LLC now owns 1,717,347 shares of the company’s stock valued at $25,829,000 after acquiring an additional 1,183,827 shares during the period. Mackenzie Financial Corp lifted its position in shares of Triple Flag Precious Metals by 2,463.9% during the 1st quarter. Mackenzie Financial Corp now owns 835,240 shares of the company’s stock valued at $15,978,000 after acquiring an additional 802,663 shares during the period. TD Asset Management Inc lifted its position in shares of Triple Flag Precious Metals by 3.4% during the 1st quarter. TD Asset Management Inc now owns 513,020 shares of the company’s stock valued at $9,813,000 after acquiring an additional 16,703 shares during the period. Millennium Management LLC lifted its position in shares of Triple Flag Precious Metals by 104.6% during the 4th quarter. Millennium Management LLC now owns 442,678 shares of the company’s stock valued at $6,650,000 after acquiring an additional 226,330 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of Triple Flag Precious Metals by 56.6% during the 4th quarter. Two Sigma Advisers LP now owns 436,100 shares of the company’s stock valued at $6,559,000 after acquiring an additional 157,700 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TFPM. Raymond James Financial reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Friday, August 8th. CIBC reissued an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Tuesday, July 15th. TD Securities reissued a “buy” rating on shares of Triple Flag Precious Metals in a research note on Tuesday, June 24th. Royal Bank Of Canada raised their price objective on shares of Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 4th. Finally, National Bank Financial raised shares of Triple Flag Precious Metals to a “strong-buy” rating in a research note on Wednesday, April 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Triple Flag Precious Metals currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Triple Flag Precious Metals Stock Performance

TFPM stock opened at $25.29 on Thursday. The stock has a market capitalization of $5.22 billion, a P/E ratio of 29.41, a PEG ratio of 1.11 and a beta of -0.20. Triple Flag Precious Metals Corp. has a one year low of $14.51 and a one year high of $27.17. The company has a 50 day moving average price of $24.30 and a two-hundred day moving average price of $21.32.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. The firm had revenue of $94.09 million during the quarter, compared to analysts’ expectations of $82.76 million. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. Research analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $0.0575 dividend. This represents a $0.23 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. Triple Flag Precious Metals’s dividend payout ratio is presently 25.58%.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.