1832 Asset Management L.P. Invests $165,000 in Triple Flag Precious Metals Corp. (NYSE:TFPM)

1832 Asset Management L.P. bought a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,654 shares of the company’s stock, valued at approximately $165,000.

Other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. raised its holdings in Triple Flag Precious Metals by 112.7% during the 1st quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after buying an additional 4,029 shares during the period. Versor Investments LP acquired a new stake in shares of Triple Flag Precious Metals during the second quarter valued at approximately $160,000. CIBC Asset Management Inc acquired a new stake in shares of Triple Flag Precious Metals during the second quarter valued at approximately $179,000. Meixler Investment Management Ltd. lifted its position in shares of Triple Flag Precious Metals by 12.0% in the 1st quarter. Meixler Investment Management Ltd. now owns 16,325 shares of the company’s stock valued at $236,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in Triple Flag Precious Metals in the 1st quarter worth approximately $364,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TFPM shares. Scotiabank boosted their target price on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group upped their price target on Triple Flag Precious Metals from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Triple Flag Precious Metals has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Triple Flag Precious Metals Stock Up 0.6 %

Triple Flag Precious Metals stock opened at $17.36 on Friday. Triple Flag Precious Metals Corp. has a twelve month low of $11.75 and a twelve month high of $18.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.59 and a current ratio of 5.80. The firm has a market cap of $3.50 billion, a PE ratio of 91.37, a P/E/G ratio of 1.02 and a beta of -0.13. The firm’s 50 day moving average price is $15.98 and its two-hundred day moving average price is $15.76.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%. The business had revenue of $63.58 million for the quarter. On average, research analysts predict that Triple Flag Precious Metals Corp. will post 0.52 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, August 30th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 115.80%.

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.