Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 1.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 131,533 shares of the company’s stock after selling 2,346 shares during the period. Commonwealth Equity Services LLC owned about 0.07% of Triple Flag Precious Metals worth $1,901,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in Triple Flag Precious Metals in the 4th quarter valued at about $14,035,000. Beutel Goodman & Co Ltd. lifted its position in Triple Flag Precious Metals by 45.5% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 2,482,110 shares of the company’s stock valued at $33,205,000 after purchasing an additional 776,130 shares during the last quarter. Cove Street Capital LLC bought a new stake in Triple Flag Precious Metals in the 4th quarter valued at about $6,242,000. Montrusco Bolton Investments Inc. lifted its position in Triple Flag Precious Metals by 59.5% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 874,961 shares of the company’s stock valued at $11,705,000 after purchasing an additional 326,357 shares during the last quarter. Finally, U S Global Investors Inc. lifted its position in Triple Flag Precious Metals by 320.6% in the 1st quarter. U S Global Investors Inc. now owns 315,461 shares of the company’s stock valued at $4,559,000 after purchasing an additional 240,461 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Triple Flag Precious Metals Trading Down 4.8 %

Shares of Triple Flag Precious Metals stock traded down $0.78 during trading on Friday, hitting $15.60. The stock had a trading volume of 303,262 shares, compared to its average volume of 195,354. The stock has a 50 day simple moving average of $16.17 and a 200 day simple moving average of $14.43. The company has a market capitalization of $3.14 billion, a PE ratio of 82.69, a P/E/G ratio of 1.00 and a beta of -0.14. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.03. Triple Flag Precious Metals Corp. has a 1 year low of $11.75 and a 1 year 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, beating analysts’ consensus estimates 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 firm had revenue of $57.53 million for the quarter. On average, research analysts expect that Triple Flag Precious Metals Corp. will post 0.49 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a $0.052 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Friday, May 31st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 110.53%.

Analyst Ratings Changes

A number of analysts have commented on TFPM shares. Jefferies Financial Group boosted their price target 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. Bank of America boosted their price target on shares of Triple Flag Precious Metals from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Scotiabank boosted their price target on shares of Triple Flag Precious Metals from $19.00 to $20.50 and gave the stock a “sector outperform” rating in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $19.00 price target (up from $15.00) on shares of Triple Flag Precious Metals in a research report on Wednesday, May 29th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.83.

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.