Triple Flag Precious Metals Corp. $TFPM Shares Sold by Global Strategic Management Inc.

Global Strategic Management Inc. reduced its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 6.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 243,435 shares of the company’s stock after selling 17,723 shares during the quarter. Triple Flag Precious Metals makes up approximately 5.0% of Global Strategic Management Inc.’s holdings, making the stock its 7th biggest position. Global Strategic Management Inc. owned approximately 0.12% of Triple Flag Precious Metals worth $7,493,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC boosted its stake in shares of Triple Flag Precious Metals by 15.8% during the 2nd quarter. Tidal Investments LLC now owns 2,949,715 shares of the company’s stock worth $88,403,000 after buying an additional 402,924 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Triple Flag Precious Metals by 2.3% in the 2nd quarter. Van ECK Associates Corp now owns 2,336,139 shares of the company’s stock valued at $70,018,000 after buying an additional 53,175 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Triple Flag Precious Metals during the second quarter worth $29,283,000. Dimensional Fund Advisors LP grew its position in shares of Triple Flag Precious Metals by 8.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 598,967 shares of the company’s stock valued at $20,787,000 after acquiring an additional 48,144 shares during the period. Finally, Bank of America Corp DE lifted its stake in Triple Flag Precious Metals by 30.7% in the 1st quarter. Bank of America Corp DE now owns 495,404 shares of the company’s stock valued at $17,195,000 after purchasing an additional 116,421 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Price Performance

NYSE TFPM opened at $30.50 on Friday. Triple Flag Precious Metals Corp. has a fifty-two week low of $26.61 and a fifty-two week high of $41.70. The business has a fifty day moving average price of $32.42 and a two-hundred day moving average price of $31.69. The stock has a market capitalization of $6.27 billion, a PE ratio of 15.33, a PEG ratio of 2.98 and a beta of -0.13.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%. The business had revenue of $129.20 million for the quarter, compared to analyst estimates of $129.20 million. As a group, sell-side analysts expect that Triple Flag Precious Metals Corp. will post 1.41 earnings per share for the current year.

Triple Flag Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 31st. This is a boost from Triple Flag Precious Metals’s previous quarterly dividend of $0.0575. Triple Flag Precious Metals’s payout ratio is currently 12.06%.

Analyst Ratings Changes

TFPM has been the subject of several research reports. Scotiabank cut their price target on Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Weiss Ratings raised shares of Triple Flag Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Bank of America decreased their target price on Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Jefferies Financial Group decreased their price objective on Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Finally, Royal Bank Of Canada upped their price target on shares of Triple Flag Precious Metals from $40.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a precious-metals streaming and royalty company headquartered in Toronto, Canada. Through streaming agreements, it provides mining companies with upfront financing in exchange for the right to purchase a portion of future metal production at predetermined prices. Its royalty interests entitle the company to receive a percentage of revenue or production from mining operations without directly operating the mines.

The company’s portfolio is primarily focused on gold and silver, with additional exposure to other metals, including copper and platinum-group metals.