Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Sold by Merrion Investment Management Co LLC

Merrion Investment Management Co LLC lessened its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 2.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 90,200 shares of the company’s stock after selling 2,100 shares during the quarter. Triple Flag Precious Metals comprises approximately 0.9% of Merrion Investment Management Co LLC’s holdings, making the stock its 26th largest position. Merrion Investment Management Co LLC’s holdings in Triple Flag Precious Metals were worth $1,303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TFPM. Ninety One UK Ltd grew its holdings in shares of Triple Flag Precious Metals by 11.4% during the 4th quarter. Ninety One UK Ltd now owns 1,673,299 shares of the company’s stock valued at $22,385,000 after acquiring an additional 171,131 shares in the last quarter. Norges Bank bought a new stake in shares of Triple Flag Precious Metals in the 4th quarter worth about $14,035,000. Sprott Inc. boosted its holdings in shares of Triple Flag Precious Metals by 3.6% in the 3rd quarter. Sprott Inc. now owns 3,296,455 shares of the company’s stock worth $46,355,000 after acquiring an additional 113,767 shares in the last quarter. Euro Pacific Asset Management LLC boosted its stake in Triple Flag Precious Metals by 2.4% in the fourth quarter. Euro Pacific Asset Management LLC now owns 419,635 shares of the company’s stock valued at $5,586,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in Triple Flag Precious Metals by 5.8% during the 4th quarter. Van ECK Associates Corp now owns 3,526,726 shares of the company’s stock worth $46,941,000 after acquiring an additional 194,276 shares during the period. Institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TFPM. Jefferies Financial Group raised their price target on Triple Flag Precious Metals from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Scotiabank increased their price target on shares of Triple Flag Precious Metals from $19.00 to $20.50 and gave the company a “sector outperform” rating in a research report on Thursday, May 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $19.00 price objective (up previously from $15.00) on shares of Triple Flag Precious Metals in a report on Wednesday, May 29th. Finally, Bank of America increased their target price on shares of Triple Flag Precious Metals from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.83.

Triple Flag Precious Metals Stock Up 0.8 %

Shares of NYSE:TFPM traded up $0.12 during trading on Friday, hitting $15.50. 137,744 shares of the company’s stock traded hands, compared to its average volume of 245,610. The company has a 50-day moving average price of $16.15 and a 200-day moving average price of $14.37. Triple Flag Precious Metals Corp. has a 52 week low of $11.75 and a 52 week high of $18.08. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.03. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 81.58, a price-to-earnings-growth ratio of 0.94 and a beta of -0.11.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Triple Flag Precious Metals had a net margin of 17.59% and a return on equity of 4.17%. The company had revenue of $57.53 million during the quarter. As a group, research analysts forecast that Triple Flag Precious Metals Corp. will post 0.49 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, May 31st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 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.