Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Sold by Lummis Asset Management LP

Lummis Asset Management LP reduced its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 7.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,771 shares of the company’s stock after selling 7,358 shares during the period. Triple Flag Precious Metals comprises 1.7% of Lummis Asset Management LP’s investment portfolio, making the stock its 19th biggest position. Lummis Asset Management LP’s holdings in Triple Flag Precious Metals were worth $1,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in Triple Flag Precious Metals in the 3rd quarter valued at about $111,000. 1832 Asset Management L.P. purchased a new position in shares of Triple Flag Precious Metals during the second quarter valued at approximately $165,000. XTX Topco Ltd acquired a new stake in Triple Flag Precious Metals during the third quarter worth approximately $220,000. Magnetar Financial LLC acquired a new stake in Triple Flag Precious Metals during the second quarter worth approximately $228,000. Finally, Virtu Financial LLC grew its stake in Triple Flag Precious Metals by 6.0% in the 3rd quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock worth $244,000 after acquiring an additional 857 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group increased their price target on Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th.

Triple Flag Precious Metals Stock Performance

Shares of TFPM stock opened at $15.76 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.18. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of -60.61, a price-to-earnings-growth ratio of 0.66 and a beta of -0.09. Triple Flag Precious Metals Corp. has a one year low of $11.75 and a one year high of $18.88. The company has a 50 day moving average price of $15.95 and a 200 day moving average price of $16.19.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. The business had revenue of $73.67 million during the quarter. During the same quarter in the previous year, the company earned $0.09 earnings per share. Sell-side analysts anticipate that Triple Flag Precious Metals Corp. will post 0.55 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, November 29th. Triple Flag Precious Metals’s dividend payout ratio is currently -84.62%.

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.