Euro Pacific Asset Management LLC Sells 180,000 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Euro Pacific Asset Management LLC lessened its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 52.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,813 shares of the company’s stock after selling 180,000 shares during the period. Euro Pacific Asset Management LLC’s holdings in Triple Flag Precious Metals were worth $2,618,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TFPM. Versor Investments LP acquired a new stake in Triple Flag Precious Metals in the 2nd quarter valued at about $160,000. 1832 Asset Management L.P. bought a new stake in shares of Triple Flag Precious Metals during the 2nd quarter valued at $165,000. CIBC Asset Management Inc acquired a new stake in Triple Flag Precious Metals during the second quarter worth about $179,000. Magnetar Financial LLC acquired a new position in shares of Triple Flag Precious Metals during the 2nd quarter worth $228,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Triple Flag Precious Metals during the third quarter worth about $278,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TFPM. Scotiabank boosted their price objective on Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group boosted their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Triple Flag Precious Metals Price Performance

TFPM opened at $16.18 on Friday. Triple Flag Precious Metals Corp. has a 1 year low of $11.75 and a 1 year high of $18.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.18 and a quick ratio of 3.05. The firm’s fifty day moving average price is $16.83 and its two-hundred day moving average price is $16.27. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of -62.23, a P/E/G ratio of 1.05 and a beta of -0.16.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $73.67 million during the quarter. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. During the same period in the prior year, the business earned $0.09 earnings per share. As a group, analysts anticipate that Triple Flag Precious Metals Corp. will post 0.55 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.36%. Triple Flag Precious Metals’s payout ratio is -84.62%.

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.