BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 242,906 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 18.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,595,829 shares of the company’s stock after buying an additional 242,906 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.79% of Triple Flag Precious Metals worth $25,838,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TFPM. American Century Companies Inc. acquired a new stake in Triple Flag Precious Metals during the second quarter worth about $2,389,000. Acadian Asset Management LLC bought a new stake in Triple Flag Precious Metals during the second quarter worth $1,705,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Triple Flag Precious Metals during the 2nd quarter worth $2,191,000. Lummis Asset Management LP lifted its position in shares of Triple Flag Precious Metals by 1,756.8% during the 2nd quarter. Lummis Asset Management LP now owns 47,887 shares of the company’s stock worth $742,000 after buying an additional 45,308 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Triple Flag Precious Metals by 2.1% in the third quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company’s stock valued at $56,588,000 after buying an additional 71,894 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Trading Up 1.2 %

NYSE TFPM opened at $16.73 on Friday. Triple Flag Precious Metals Corp. has a 12 month low of $11.75 and a 12 month high of $18.88. The company has a current ratio of 3.18, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02. The business’s 50-day moving average price is $16.85 and its two-hundred day moving average price is $16.28.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $73.67 million during the quarter. During the same period in the prior year, the company posted $0.09 EPS. Sell-side analysts expect that Triple Flag Precious Metals Corp. will post 0.56 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, November 29th. Triple Flag Precious Metals’s dividend payout ratio is -84.62%.

Wall Street Analyst Weigh In

Several brokerages have commented on TFPM. Scotiabank boosted 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 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 research report on Friday, October 4th. One investment 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 currently has an average rating of “Moderate Buy” and an average price target of $20.50.

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.