35,633 Shares in Triple Flag Precious Metals Corp. (NYSE:TFPM) Purchased by Sentry Investment Management LLC

Sentry Investment Management LLC bought a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM) during the 4th quarter, Holdings Channel reports. The fund bought 35,633 shares of the company’s stock, valued at approximately $474,000.

Several other large investors have also bought and sold shares of TFPM. Norges Bank bought a new stake in Triple Flag Precious Metals during the 4th quarter valued at approximately $9,694,000. Montrusco Bolton Investments Inc. purchased a new position in shares of Triple Flag Precious Metals during the third quarter valued at approximately $7,219,000. Mackenzie Financial Corp purchased a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at approximately $3,226,000. Invesco Ltd. lifted its holdings in shares of Triple Flag Precious Metals by 9.3% during the third quarter. Invesco Ltd. now owns 1,548,289 shares of the company’s stock valued at $20,236,000 after purchasing an additional 131,367 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Triple Flag Precious Metals by 644.7% during the second quarter. Renaissance Technologies LLC now owns 148,200 shares of the company’s stock valued at $2,042,000 after purchasing an additional 128,300 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on TFPM. TheStreet raised shares of Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research report on Wednesday, December 27th. Bank of America lifted their target price on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Jefferies Financial Group began coverage on shares of Triple Flag Precious Metals in a research report on Thursday, February 29th. They issued a “buy” rating and a $14.00 target price for the company. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $21.67.

Triple Flag Precious Metals Trading Down 2.5 %

Shares of TFPM stock opened at $15.50 on Tuesday. Triple Flag Precious Metals Corp. has a 1 year low of $11.75 and a 1 year high of $17.33. The firm has a fifty day moving average price of $13.58 and a 200-day moving average price of $13.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.29 and a quick ratio of 3.21. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 81.58, a PEG ratio of 2.40 and a beta of -0.01.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Triple Flag Precious Metals had a net margin of 17.78% and a return on equity of 3.64%. The firm had revenue of $51.74 million during the quarter. As a group, equities analysts predict that Triple Flag Precious Metals Corp. will post 0.44 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Friday, March 1st. Triple Flag Precious Metals’s payout ratio is 110.53%.

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.