Toronto Dominion Bank decreased its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM – Free Report) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,502 shares of the company’s stock after selling 841 shares during the quarter. Toronto Dominion Bank’s holdings in Triple Flag Precious Metals were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new stake in shares of Triple Flag Precious Metals in the third quarter worth about $137,000. Royal Bank of Canada purchased a new stake in Triple Flag Precious Metals in the 3rd quarter worth approximately $69,000. Commonwealth Equity Services LLC bought a new position in Triple Flag Precious Metals in the 3rd quarter valued at $440,000. Jane Street Group LLC purchased a new position in shares of Triple Flag Precious Metals during the 3rd quarter valued at $819,000. Finally, Bank of America Corp DE increased its holdings in shares of Triple Flag Precious Metals by 3,332.7% in the fourth quarter. Bank of America Corp DE now owns 75,142 shares of the company’s stock worth $1,034,000 after purchasing an additional 72,953 shares during the period. Hedge funds and other institutional investors own 80.91% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. TheStreet upgraded shares of Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research report on Wednesday, December 27th. Jefferies Financial Group started coverage on shares of Triple Flag Precious Metals in a report on Thursday, February 29th. They issued a “buy” rating and a $14.00 price target on the stock. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $22.70.
Check Out Our Latest Analysis on TFPM
Triple Flag Precious Metals Stock Performance
Shares of NYSE TFPM opened at $13.40 on Friday. The stock’s 50-day moving average is $12.67 and its 200 day moving average is $12.98. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 70.53, a P/E/G ratio of 2.54 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. The company has a current ratio of 3.29, a quick ratio of 3.21 and a debt-to-equity ratio of 0.03.
Triple Flag Precious Metals Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Monday, March 4th will be issued a $0.052 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.55%. Triple Flag Precious Metals’s payout ratio is 110.53%.
Triple Flag Precious Metals Company Profile
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.
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