Beutel Goodman & Co Ltd. Sells 529,190 Shares of Triple Flag Precious Metals Corp. $TFPM

Beutel Goodman & Co Ltd. decreased its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 27.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,402,880 shares of the company’s stock after selling 529,190 shares during the quarter. Beutel Goodman & Co Ltd. owned about 0.68% of Triple Flag Precious Metals worth $33,198,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Trust Advisors LP boosted its position in shares of Triple Flag Precious Metals by 94.5% in the second quarter. First Trust Advisors LP now owns 103,451 shares of the company’s stock valued at $2,451,000 after acquiring an additional 50,263 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Triple Flag Precious Metals by 67.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,097,794 shares of the company’s stock worth $49,731,000 after purchasing an additional 844,765 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Triple Flag Precious Metals by 491.5% in the 2nd quarter. Quantbot Technologies LP now owns 55,540 shares of the company’s stock valued at $1,316,000 after purchasing an additional 46,150 shares during the period. Mackenzie Financial Corp grew its position in shares of Triple Flag Precious Metals by 15.5% during the 2nd quarter. Mackenzie Financial Corp now owns 964,756 shares of the company’s stock worth $22,891,000 after purchasing an additional 129,516 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Triple Flag Precious Metals during the 2nd quarter worth approximately $24,816,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Up 0.9%

Shares of NYSE TFPM opened at $32.79 on Friday. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 0.91 and a beta of -0.22. The company has a current ratio of 1.68, a quick 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 has a 50-day moving average price of $30.22 and a two-hundred day moving average price of $26.75.

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

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.0575 per share. The ex-dividend date is Monday, December 1st. This represents a $0.23 annualized dividend and a dividend yield of 0.7%. Triple Flag Precious Metals’s dividend payout ratio is 22.77%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Raymond James Financial reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Friday, October 10th. Wall Street Zen cut Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Bank of America upped their target price on Triple Flag Precious Metals from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Canaccord Genuity Group cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.00.

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.