Hara Capital LLC Sells 1,913 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Hara Capital LLC lessened its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 4.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,940 shares of the company’s stock after selling 1,913 shares during the period. Hara Capital LLC’s holdings in Triple Flag Precious Metals were worth $598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TFPM. Meixler Investment Management Ltd. increased its stake in shares of 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 buying an additional 1,750 shares during the period. Cove Street Capital LLC raised its holdings in Triple Flag Precious Metals by 15.4% in the 1st quarter. Cove Street Capital LLC now owns 541,255 shares of the company’s stock worth $7,821,000 after purchasing an additional 72,249 shares in the last quarter. Forge First Asset Management Inc. purchased a new stake in shares of Triple Flag Precious Metals in the 1st quarter worth about $737,000. K2 Principal Fund L.P. boosted its stake in shares of Triple Flag Precious Metals by 33.5% during the 1st quarter. K2 Principal Fund L.P. now owns 181,737 shares of the company’s stock valued at $2,626,000 after purchasing an additional 45,600 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in shares of Triple Flag Precious Metals during the first quarter valued at about $364,000. Institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

TFPM has been the topic of several research reports. Scotiabank lifted 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 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. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Triple Flag Precious Metals has an average rating of “Moderate Buy” and an average target price of $20.50.

Triple Flag Precious Metals Stock Up 0.1 %

Shares of TFPM traded up $0.01 during mid-day trading on Thursday, reaching $17.16. The company had a trading volume of 32,629 shares, compared to its average volume of 210,949. 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 company has a market capitalization of $3.46 billion, a price-to-earnings ratio of -65.96, a price-to-earnings-growth ratio of 1.13 and a beta of -0.16. The firm has a 50-day moving average price of $16.76 and a 200 day moving average price of $16.24. Triple Flag Precious Metals Corp. has a 52 week low of $11.75 and a 52 week high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. The firm had revenue of $73.67 million during the quarter. During the same period in the prior year, the firm earned $0.09 EPS. On average, sell-side analysts forecast that Triple Flag Precious Metals Corp. will post 0.55 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, November 29th. This represents a $0.22 annualized dividend and a yield of 1.28%. Triple Flag Precious Metals’s dividend payout ratio is -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.