Sprott Inc. grew its position in Triple Flag Precious Metals Corp. (NYSE:TFPM – Free Report) by 3.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,296,455 shares of the company’s stock after buying an additional 113,767 shares during the period. Triple Flag Precious Metals accounts for approximately 3.6% of Sprott Inc.’s investment portfolio, making the stock its 4th largest holding. Sprott Inc. owned approximately 1.64% of Triple Flag Precious Metals worth $46,355,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of Triple Flag Precious Metals during the third quarter worth $137,000. Royal Bank of Canada bought a new position in Triple Flag Precious Metals during the third quarter worth about $69,000. Commonwealth Equity Services LLC bought a new position in Triple Flag Precious Metals during the third quarter worth about $440,000. Jane Street Group LLC bought a new position in Triple Flag Precious Metals during the third quarter worth about $819,000. Finally, Bank of America Corp DE lifted its holdings in Triple Flag Precious Metals by 3,332.7% during the fourth quarter. Bank of America Corp DE now owns 75,142 shares of the company’s stock worth $1,034,000 after acquiring an additional 72,953 shares in the last quarter. 80.91% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have weighed in on TFPM. Jefferies Financial Group began coverage on Triple Flag Precious Metals in a report on Thursday, February 29th. They set a “buy” rating and a $14.00 target price on the stock. TheStreet upgraded Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a report on Wednesday, December 27th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $22.70.
Read Our Latest Stock Report on TFPM
Triple Flag Precious Metals Stock Up 1.6 %
Shares of Triple Flag Precious Metals stock traded up $0.21 during trading on Friday, reaching $13.61. The stock had a trading volume of 435,969 shares, compared to its average volume of 132,672. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 71.64, a P/E/G ratio of 2.58 and a beta of -0.05. The stock has a fifty day moving average price of $12.68 and a two-hundred day moving average price of $12.98. Triple Flag Precious Metals Corp. has a 52 week low of $11.75 and a 52 week 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 company also recently declared 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 1.53%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 110.53%.
About Triple Flag Precious Metals
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.
See Also
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