Triple Flag Precious Metals Corp. (NYSE:TFPM) Holdings Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 28.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 100,800 shares of the company’s stock after selling 40,500 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Triple Flag Precious Metals were worth $1,634,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Versor Investments LP bought a new stake in Triple Flag Precious Metals in the second quarter worth about $160,000. 1832 Asset Management L.P. bought a new stake in shares of Triple Flag Precious Metals in the 2nd quarter worth approximately $165,000. CIBC Asset Management Inc acquired a new stake in Triple Flag Precious Metals during the second quarter valued at approximately $179,000. Magnetar Financial LLC bought a new stake in Triple Flag Precious Metals during the second quarter worth approximately $228,000. Finally, Meixler Investment Management Ltd. boosted its holdings in Triple Flag Precious Metals by 12.0% during the first quarter. Meixler Investment Management Ltd. now owns 16,325 shares of the company’s stock worth $236,000 after buying an additional 1,750 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TFPM shares. Scotiabank increased their price objective on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group upped their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Triple Flag Precious Metals Trading Down 2.2 %

NYSE TFPM opened at $17.43 on Thursday. The firm’s 50 day moving average price is $16.68 and its two-hundred day moving average price is $16.19. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of -39.61, a PEG ratio of 1.23 and a beta of -0.14. Triple Flag Precious Metals Corp. has a twelve month low of $11.75 and a twelve month high of $18.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.59 and a current ratio of 5.80.

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, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $63.58 million for the quarter. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. Equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.55 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, August 30th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is -50.00%.

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.