Public Employees Retirement System of Ohio Has $388,000 Position in Triple Flag Precious Metals Corp. $TFPM

Public Employees Retirement System of Ohio lowered its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 6.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,383 shares of the company’s stock after selling 1,178 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Triple Flag Precious Metals were worth $388,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. SVB Wealth LLC bought a new stake in shares of Triple Flag Precious Metals during the first quarter worth $34,000. Quantbot Technologies LP increased its holdings in Triple Flag Precious Metals by 1,258.9% during the 1st quarter. Quantbot Technologies LP now owns 9,390 shares of the company’s stock worth $180,000 after purchasing an additional 8,699 shares in the last quarter. Prospect Financial Group LLC acquired a new stake in shares of Triple Flag Precious Metals in the 1st quarter valued at about $217,000. Pinnacle Associates Ltd. acquired a new stake in shares of Triple Flag Precious Metals in the 1st quarter valued at about $239,000. Finally, PDT Partners LLC acquired a new stake in shares of Triple Flag Precious Metals in the 1st quarter valued at about $250,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TFPM shares. Canaccord Genuity Group downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Wall Street Zen raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. CIBC reissued an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. TD Securities reissued a “buy” rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Triple Flag Precious Metals Trading Up 2.4%

NYSE TFPM opened at $30.47 on Tuesday. The firm’s fifty day moving average price is $27.05 and its two-hundred day moving average price is $23.82. Triple Flag Precious Metals Corp. has a 1 year low of $14.51 and a 1 year high of $30.87. The firm has a market capitalization of $6.29 billion, a P/E ratio of 35.43, a price-to-earnings-growth ratio of 1.28 and a beta of -0.18.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. The firm had revenue of $94.09 million for the quarter, compared to analyst estimates of $82.76 million. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a $0.0575 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a boost 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%. Triple Flag Precious Metals’s payout ratio is currently 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.