Triple Flag Precious Metals Corp. (NYSE:TFPM) Stake Lowered by Whitebox Advisors LLC

Whitebox Advisors LLC trimmed its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 5.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,054,703 shares of the company’s stock after selling 174,956 shares during the period. Triple Flag Precious Metals comprises approximately 1.4% of Whitebox Advisors LLC’s portfolio, making the stock its 11th biggest holding. Whitebox Advisors LLC owned about 1.52% of Triple Flag Precious Metals worth $49,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. acquired a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at $2,389,000. Acadian Asset Management LLC bought a new stake in shares of Triple Flag Precious Metals during the 2nd quarter worth about $1,705,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Triple Flag Precious Metals during the 2nd quarter valued at about $2,191,000. Lummis Asset Management LP raised its stake in shares of Triple Flag Precious Metals by 1,756.8% in the 2nd quarter. Lummis Asset Management LP now owns 47,887 shares of the company’s stock valued at $742,000 after acquiring an additional 45,308 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Triple Flag Precious Metals by 18.0% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock worth $25,838,000 after purchasing an additional 242,906 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TFPM. Scotiabank increased their price target on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group upped their price objective on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Triple Flag Precious Metals Stock Down 0.2 %

Shares of TFPM stock opened at $16.70 on Friday. Triple Flag Precious Metals Corp. has a 12 month low of $11.75 and a 12 month high of $18.88. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. The firm has a market cap of $3.36 billion, a PE ratio of -64.23, a price-to-earnings-growth ratio of 0.90 and a beta of -0.18. The stock has a 50 day moving average of $16.83 and a 200-day moving average of $16.28.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. The firm had revenue of $73.67 million during the quarter. During the same period last year, the company earned $0.09 earnings per share. On average, equities analysts predict that Triple Flag Precious Metals Corp. will post 0.56 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.22 annualized dividend and a yield of 1.32%. Triple Flag Precious Metals’s dividend payout ratio (DPR) 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.