Intact Investment Management Inc. Has $421,000 Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Intact Investment Management Inc. reduced its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 53.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,000 shares of the company’s stock after selling 30,000 shares during the period. Intact Investment Management Inc.’s holdings in Triple Flag Precious Metals were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Versor Investments LP acquired a new position in Triple Flag Precious Metals in the 2nd quarter valued at $160,000. 1832 Asset Management L.P. acquired a new position in Triple Flag Precious Metals in the 2nd quarter valued at $165,000. CIBC Asset Management Inc acquired a new position in Triple Flag Precious Metals in the 2nd quarter valued at $179,000. Magnetar Financial LLC acquired a new position in Triple Flag Precious Metals in the 2nd quarter valued at $228,000. Finally, Meixler Investment Management Ltd. raised its holdings in 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. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TFPM shares. Jefferies Financial Group lifted their price objective 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. Scotiabank lifted their price target on 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. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Triple Flag Precious Metals has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Triple Flag Precious Metals Trading Up 0.9 %

Shares of TFPM opened at $17.30 on Wednesday. Triple Flag Precious Metals Corp. has a 52-week low of $11.75 and a 52-week high of $18.88. The business’s fifty day moving average is $16.72 and its 200-day moving average is $16.22. 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 $3.48 billion, a price-to-earnings ratio of -39.32, a PEG ratio of 1.12 and a beta of -0.16.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly 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 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 fiscal year.

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.