U S Global Investors Inc. Sells 8,521 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

U S Global Investors Inc. reduced its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 3.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 244,884 shares of the company’s stock after selling 8,521 shares during the period. U S Global Investors Inc. owned 0.12% of Triple Flag Precious Metals worth $3,962,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Meixler Investment Management Ltd. lifted its position 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 valued at $236,000 after purchasing an additional 1,750 shares during the period. Sunbelt Securities Inc. raised its stake in shares of 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. Mountain Lake Investment Management LLC raised its stake in shares of Triple Flag Precious Metals by 1.9% during the 1st quarter. Mountain Lake Investment Management LLC now owns 275,000 shares of the company’s stock worth $3,974,000 after buying an additional 5,000 shares during the period. Goehring & Rozencwajg Associates LLC raised its stake in shares of Triple Flag Precious Metals by 9.9% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 100,771 shares of the company’s stock worth $1,563,000 after buying an additional 9,100 shares during the period. Finally, Versor Investments LP acquired a new position in shares of Triple Flag Precious Metals during the 2nd quarter worth approximately $160,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Price Performance

Shares of TFPM traded up $0.28 during trading hours on Tuesday, hitting $18.39. 19,939 shares of the stock were exchanged, compared to its average volume of 202,277. 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 Corp. has a 12-month low of $11.75 and a 12-month high of $18.47. The company has a market cap of $3.70 billion, a price-to-earnings ratio of -41.14, a price-to-earnings-growth ratio of 1.22 and a beta of -0.14. The stock’s 50-day moving average price is $16.40 and its two-hundred day moving average price is $16.08.

Triple Flag Precious Metals (NYSE:TFPM) last issued its earnings results on Wednesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $63.58 million during the quarter. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. Research analysts expect that Triple Flag Precious Metals Corp. will post 0.53 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, August 30th. Triple Flag Precious Metals’s payout ratio is -50.00%.

Analysts Set New Price Targets

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

Triple Flag Precious Metals 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.