Quadrature Capital Ltd cut its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM – Free Report) by 49.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,800 shares of the company’s stock after selling 78,300 shares during the period. Quadrature Capital Ltd’s holdings in Triple Flag Precious Metals were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TFPM. Qube Research & Technologies Ltd bought a new position in Triple Flag Precious Metals during the third quarter worth about $33,000. JPMorgan Chase & Co. bought a new position in Triple Flag Precious Metals during the fourth quarter worth about $48,000. Deutsche Bank AG bought a new position in Triple Flag Precious Metals during the first quarter worth about $63,000. Royal Bank of Canada bought a new position in Triple Flag Precious Metals during the third quarter worth about $69,000. Finally, Tocqueville Asset Management L.P. acquired a new stake in shares of Triple Flag Precious Metals in the 3rd quarter valued at about $134,000. 80.91% of the stock is currently owned by institutional investors.
Triple Flag Precious Metals Stock Down 0.1 %
Shares of NYSE:TFPM traded down $0.01 during midday trading on Tuesday, reaching $13.16. The company had a trading volume of 8,820 shares, compared to its average volume of 115,342. The company has a quick ratio of 3.21, a current ratio of 3.29 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average price is $12.68 and its 200 day moving average price is $12.98. The stock has a market cap of $2.65 billion, a PE ratio of 69.21, a P/E/G ratio of 2.50 and a beta of -0.05. Triple Flag Precious Metals Corp. has a 1-year low of $11.75 and a 1-year high of $17.33.
Triple Flag Precious Metals Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Monday, March 4th will be given a $0.052 dividend. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, March 1st. Triple Flag Precious Metals’s dividend payout ratio is currently 110.53%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. TheStreet raised Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research note on Wednesday, December 27th. Jefferies Financial Group assumed coverage on Triple Flag Precious Metals in a research note on Thursday, February 29th. They issued a “buy” rating and a $14.00 price target on the stock. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Triple Flag Precious Metals presently has a consensus rating of “Buy” and an average price target of $22.70.
Read Our Latest Research Report on TFPM
About Triple Flag Precious Metals
Triple Flag Precious Metals Corp., a gold-focused streaming and royalty company, engages in acquiring and managing precious metals and other streams and royalties in Australia, Canada, Colombia, Mongolia, Peru, South Africa, and the United States. The company has a portfolio of streams and royalties providing exposure primarily to gold and silver.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Triple Flag Precious Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Triple Flag Precious Metals wasn’t on the list.
While Triple Flag Precious Metals currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise.