Amundi Decreases Position in Triple Flag Precious Metals Corp. $TFPM

Amundi trimmed its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 1.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 529,382 shares of the company’s stock after selling 9,043 shares during the period. Amundi owned approximately 0.26% of Triple Flag Precious Metals worth $10,476,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TFPM. Russell Investments Group Ltd. raised its holdings in Triple Flag Precious Metals by 2.5% during the 1st quarter. Russell Investments Group Ltd. now owns 28,561 shares of the company’s stock valued at $546,000 after buying an additional 703 shares during the period. Principal Street Partners LLC increased its position in Triple Flag Precious Metals by 4.2% during the fourth quarter. Principal Street Partners LLC now owns 24,755 shares of the company’s stock valued at $372,000 after acquiring an additional 1,001 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Triple Flag Precious Metals by 3.5% in the fourth quarter. Mackenzie Financial Corp now owns 32,577 shares of the company’s stock valued at $489,000 after acquiring an additional 1,101 shares during the period. SVB Wealth LLC purchased a new stake in shares of Triple Flag Precious Metals in the first quarter valued at $34,000. Finally, American Century Companies Inc. lifted its holdings in shares of Triple Flag Precious Metals by 0.8% in the 1st quarter. American Century Companies Inc. now owns 241,071 shares of the company’s stock worth $4,612,000 after acquiring an additional 1,876 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TFPM. Royal Bank Of Canada upped their price target on shares of Triple Flag Precious Metals from $19.00 to $23.00 and gave the company a “sector perform” rating in a report on Wednesday, June 4th. Wall Street Zen cut Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. BMO Capital Markets lowered Triple Flag Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 25th. TD Securities restated a “buy” rating on shares of Triple Flag Precious Metals in a report on Tuesday, June 24th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.00.

Triple Flag Precious Metals Stock Performance

Shares of NYSE TFPM opened at $28.59 on Wednesday. Triple Flag Precious Metals Corp. has a 52-week low of $14.51 and a 52-week high of $29.08. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 1.27 and a beta of -0.19. The stock has a 50 day moving average price of $25.12 and a 200 day moving average price of $22.35.

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

Triple Flag Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.0575 per share. This is an increase from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. This represents a $0.23 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 2nd. Triple Flag Precious Metals’s payout ratio is 26.74%.

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.