50,100 Shares in Triple Flag Precious Metals Corp. (NYSE:TFPM) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 50,100 shares of the company’s stock, valued at approximately $811,000.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. bought a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at $2,389,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Triple Flag Precious Metals during the second quarter worth about $2,191,000. Acadian Asset Management LLC bought a new position in shares of Triple Flag Precious Metals during the 2nd quarter valued at about $1,705,000. Dimensional Fund Advisors LP lifted its holdings in shares of Triple Flag Precious Metals by 37.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company’s stock valued at $5,602,000 after purchasing an additional 97,630 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Triple Flag Precious Metals by 2.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company’s stock valued at $56,588,000 after purchasing an additional 71,894 shares during the period. Institutional investors own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

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

Triple Flag Precious Metals Price Performance

NYSE TFPM opened at $16.58 on Friday. The firm’s 50 day moving average is $16.86 and its 200-day moving average is $16.28. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $3.34 billion, a PE ratio of -63.77, a price-to-earnings-growth ratio of 1.07 and a beta of -0.16. Triple Flag Precious Metals Corp. has a 12-month low of $11.75 and a 12-month high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. The firm had revenue of $73.67 million for the quarter. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Equities research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.56 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.22 annualized dividend and a yield of 1.33%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -84.62%.

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.