Arrowstreet Capital Limited Partnership Has $49.73 Million Stake in Triple Flag Precious Metals Corp. $TFPM

Arrowstreet Capital Limited Partnership boosted its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 67.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,097,794 shares of the company’s stock after acquiring an additional 844,765 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.02% of Triple Flag Precious Metals worth $49,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in shares of Triple Flag Precious Metals by 2.5% in the 1st quarter. Russell Investments Group Ltd. now owns 28,561 shares of the company’s stock worth $546,000 after purchasing an additional 703 shares during the last quarter. Employees Retirement System of Texas bought a new position in Triple Flag Precious Metals during the 2nd quarter valued at about $36,000. SVB Wealth LLC acquired a new position in Triple Flag Precious Metals in the first quarter valued at about $34,000. American Century Companies Inc. boosted its position in Triple Flag Precious Metals by 0.8% in the first quarter. American Century Companies Inc. now owns 241,071 shares of the company’s stock valued at $4,612,000 after buying an additional 1,876 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Triple Flag Precious Metals by 4.0% during the second quarter. Legal & General Group Plc now owns 61,831 shares of the company’s stock worth $1,463,000 after buying an additional 2,352 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TFPM shares. Wall Street Zen cut shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Bank of America raised their price target on Triple Flag Precious Metals from $33.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Canaccord Genuity Group downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Raymond James Financial reissued an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Friday, October 10th. Finally, Scotiabank decreased their target price on Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.00.

Triple Flag Precious Metals Stock Up 0.9%

NYSE:TFPM opened at $32.79 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. Triple Flag Precious Metals Corp. has a 12-month low of $14.51 and a 12-month high of $34.50. The stock’s fifty day simple moving average is $30.22 and its 200-day simple moving average is $26.75. The firm has a market capitalization of $6.77 billion, a P/E ratio of 32.46, a P/E/G ratio of 0.91 and a beta of -0.22.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Triple Flag Precious Metals had a return on equity of 9.56% and a net margin of 59.43%.The business had revenue of $93.50 million during the quarter, compared to the consensus estimate of $87.46 million. Equities research analysts expect that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.0575 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, December 1st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently 22.77%.

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.