Swiss National Bank lowered its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM – Free Report) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 99,865 shares of the company’s stock after selling 9,600 shares during the quarter. Swiss National Bank’s holdings in Triple Flag Precious Metals were worth $1,332,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the business. Van ECK Associates Corp increased its stake in shares of Triple Flag Precious Metals by 5.8% during the fourth quarter. Van ECK Associates Corp now owns 3,526,726 shares of the company’s stock valued at $46,941,000 after buying an additional 194,276 shares during the period. Meixler Investment Management Ltd. increased its stake in shares of Triple Flag Precious Metals by 8.4% during the fourth quarter. Meixler Investment Management Ltd. now owns 14,575 shares of the company’s stock valued at $194,000 after buying an additional 1,125 shares during the period. Euro Pacific Asset Management LLC increased its stake in shares of Triple Flag Precious Metals by 2.4% during the fourth quarter. Euro Pacific Asset Management LLC now owns 419,635 shares of the company’s stock valued at $5,586,000 after buying an additional 10,000 shares during the period. Ninety One UK Ltd grew its stake in Triple Flag Precious Metals by 11.4% in the fourth quarter. Ninety One UK Ltd now owns 1,673,299 shares of the company’s stock worth $22,385,000 after purchasing an additional 171,131 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Triple Flag Precious Metals by 51.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,125 shares of the company’s stock worth $175,000 after purchasing an additional 4,475 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.
Triple Flag Precious Metals Trading Up 3.4 %
Triple Flag Precious Metals stock opened at $17.71 on Tuesday. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.03. The business’s fifty day simple moving average is $15.79 and its two-hundred day simple moving average is $13.95. Triple Flag Precious Metals Corp. has a 12 month low of $11.75 and a 12 month high of $17.85. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 93.22, a price-to-earnings-growth ratio of 0.81 and a beta of -0.12.
Triple Flag Precious Metals (NYSE:TFPM – Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Triple Flag Precious Metals had a return on equity of 4.17% and a net margin of 17.59%. The business had revenue of $57.53 million for the quarter. As a group, equities analysts predict that Triple Flag Precious Metals Corp. will post 0.48 earnings per share for the current fiscal year.
Triple Flag Precious Metals Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.052 dividend. This represents a $0.21 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, May 31st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 110.53%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Bank of America upped their price target on Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a “buy” rating in a research note on Monday, March 18th. Scotiabank upped their price target on Triple Flag Precious Metals from $19.00 to $20.50 and gave the stock a “sector outperform” rating in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group upped their price target on Triple Flag Precious Metals from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $20.50.
View Our Latest Stock Analysis on Triple Flag Precious Metals
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.
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