Ninety One UK Ltd Acquires 171,131 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Ninety One UK Ltd lifted its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 11.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,673,299 shares of the company’s stock after acquiring an additional 171,131 shares during the period. Ninety One UK Ltd’s holdings in Triple Flag Precious Metals were worth $22,385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new stake in Triple Flag Precious Metals during the 3rd quarter valued at about $137,000. Royal Bank of Canada acquired a new position in Triple Flag Precious Metals in the 3rd quarter worth about $69,000. Commonwealth Equity Services LLC acquired a new position in Triple Flag Precious Metals in the 3rd quarter worth about $440,000. Jane Street Group LLC acquired a new position in Triple Flag Precious Metals in the 3rd quarter worth about $819,000. Finally, Bank of America Corp DE raised its holdings in Triple Flag Precious Metals by 3,332.7% in the 4th quarter. Bank of America Corp DE now owns 75,142 shares of the company’s stock worth $1,034,000 after purchasing an additional 72,953 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Price Performance

NYSE:TFPM opened at $15.64 on Friday. Triple Flag Precious Metals Corp. has a one year low of $11.75 and a one year high of $17.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.21 and a current ratio of 3.29. The stock has a market cap of $3.14 billion and a PE ratio of 82.32. The stock has a 50 day moving average price of $13.76 and a 200 day moving average price of $13.25.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $51.74 million during the quarter. Triple Flag Precious Metals had a return on equity of 3.64% and a net margin of 17.78%. Equities research analysts expect that Triple Flag Precious Metals Corp. will post 0.44 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a $0.052 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.21 dividend on an annualized basis and a yield of 1.33%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 110.53%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TheStreet upgraded Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research report on Wednesday, December 27th. Jefferies Financial Group assumed coverage on Triple Flag Precious Metals in a research report on Thursday, February 29th. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Bank of America raised their target price on Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a “buy” rating in a research report on Monday, March 18th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $21.00.

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.