Dixon Mitchell Investment Counsel Inc. Has $11.21 Million Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Dixon Mitchell Investment Counsel Inc. decreased its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 4.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 774,789 shares of the company’s stock after selling 35,000 shares during the quarter. Dixon Mitchell Investment Counsel Inc. owned about 0.39% of Triple Flag Precious Metals worth $11,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of TFPM. HighTower Advisors LLC grew its holdings in Triple Flag Precious Metals by 50.4% in the third quarter. HighTower Advisors LLC now owns 21,123 shares of the company’s stock worth $277,000 after purchasing an additional 7,079 shares during the period. Citigroup Inc. acquired a new position in Triple Flag Precious Metals during the 3rd quarter worth approximately $549,000. Invesco Ltd. raised its stake in Triple Flag Precious Metals by 9.3% during the 3rd quarter. Invesco Ltd. now owns 1,548,289 shares of the company’s stock worth $20,236,000 after buying an additional 131,367 shares during the period. Mariner LLC raised its position in shares of Triple Flag Precious Metals by 21.6% during the third quarter. Mariner LLC now owns 37,496 shares of the company’s stock worth $490,000 after purchasing an additional 6,673 shares during the period. Finally, Sprott Inc. increased its position in shares of Triple Flag Precious Metals by 3.6% during the third 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. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Performance

Shares of NYSE:TFPM traded up $0.41 during midday trading on Tuesday, reaching $15.83. The company had a trading volume of 160,769 shares, compared to its average volume of 194,457. The stock has a market cap of $3.19 billion, a P/E ratio of 82.48, a P/E/G ratio of 0.94 and a beta of -0.14. The company’s 50 day moving average price is $16.15 and its 200 day moving average price is $14.39. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.03. Triple Flag Precious Metals Corp. has a 52-week low of $11.75 and a 52-week high of $18.08.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.12 EPS for the quarter, topping 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 business had revenue of $57.53 million for the quarter. As a group, sell-side analysts anticipate 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 disclosed 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 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, May 31st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 110.53%.

Analyst Ratings Changes

Several brokerages recently issued reports on TFPM. Bank of America lifted their target price on Triple Flag Precious Metals from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Scotiabank raised 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 reaffirmed a “sector perform” rating and issued a $19.00 price objective (up from $15.00) on shares of Triple Flag Precious Metals in a research report on Wednesday, May 29th. Finally, Jefferies Financial Group lifted their target price on shares of 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. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.83.

Triple Flag Precious Metals 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.