Triple Flag Precious Metals Corp. $TFPM Shares Sold by Swiss National Bank

Swiss National Bank cut its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 0.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,765 shares of the company’s stock after selling 900 shares during the period. Swiss National Bank owned about 0.06% of Triple Flag Precious Metals worth $2,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Tidal Investments LLC lifted its holdings in Triple Flag Precious Metals by 221.9% in the fourth 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 increased its holdings 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 purchasing an additional 802,663 shares in the last quarter. TD Asset Management Inc increased its holdings 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 purchasing an additional 16,703 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Triple Flag Precious Metals by 104.6% in the 4th quarter. Millennium Management LLC now owns 442,678 shares of the company’s stock valued at $6,650,000 after purchasing an additional 226,330 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in Triple Flag Precious Metals by 56.6% during the fourth quarter. Two Sigma Advisers LP now owns 436,100 shares of the company’s stock worth $6,559,000 after buying an additional 157,700 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Price Performance

Shares of Triple Flag Precious Metals stock opened at $26.3080 on Friday. The stock has a market capitalization of $5.43 billion, a P/E ratio of 30.59, a PEG ratio of 1.16 and a beta of -0.20. The business has a 50 day simple moving average of $24.36 and a two-hundred day simple moving average of $21.46. Triple Flag Precious Metals Corp. has a 12 month low of $14.51 and a 12 month high of $27.17.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly 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 return on equity of 8.81% and a net margin of 53.11%. As a group, research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS 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 issued a $0.0575 dividend. This represents a $0.23 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 25.58%.

Analyst Ratings Changes

A number of research analysts have weighed in on TFPM shares. BMO Capital Markets cut shares of Triple Flag Precious Metals from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 25th. Raymond James Financial restated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Friday, August 8th. Royal Bank Of Canada lifted their price target on Triple Flag Precious Metals from $19.00 to $23.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. CIBC reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a report on Tuesday, July 15th. Finally, TD Securities reiterated a “buy” rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Triple Flag Precious Metals 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.