Montrusco Bolton Investments Inc. Sells 26,554 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Montrusco Bolton Investments Inc. lowered its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 3.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 670,446 shares of the company’s stock after selling 26,554 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Triple Flag Precious Metals were worth $10,069,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new stake in Triple Flag Precious Metals in the 3rd quarter worth about $111,000. Drive Wealth Management LLC acquired a new stake in shares of Triple Flag Precious Metals in the fourth quarter valued at approximately $175,000. XTX Topco Ltd acquired a new stake in shares of Triple Flag Precious Metals in the third quarter valued at approximately $220,000. Virtu Financial LLC boosted its stake in shares of Triple Flag Precious Metals by 6.0% in the third quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock valued at $244,000 after buying an additional 857 shares during the period. Finally, Versor Investments LP grew its position in Triple Flag Precious Metals by 47.6% during the third quarter. Versor Investments LP now owns 15,204 shares of the company’s stock worth $246,000 after buying an additional 4,904 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Price Performance

Shares of NYSE:TFPM opened at $15.81 on Wednesday. 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 company’s 50 day simple moving average is $15.89 and its 200 day simple moving average is $16.19.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly 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. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. The company had revenue of $73.67 million for the quarter. During the same quarter in the previous year, the business posted $0.09 EPS. Analysts anticipate that Triple Flag Precious Metals Corp. will post 0.55 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.39%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently -84.62%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lifted their price objective on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th.

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.