BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 45,899 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,549,930 shares of the company’s stock after selling 45,899 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Triple Flag Precious Metals were worth $23,260,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TFPM. Farther Finance Advisors LLC raised its position in shares of Triple Flag Precious Metals by 175.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company’s stock valued at $29,000 after buying an additional 1,208 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in Triple Flag Precious Metals during the fourth quarter worth approximately $45,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Triple Flag Precious Metals during the 4th quarter worth $134,000. Drive Wealth Management LLC acquired a new position in Triple Flag Precious Metals in the 4th quarter valued at $175,000. Finally, XTX Topco Ltd increased its position in shares of Triple Flag Precious Metals by 9.1% in the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company’s stock worth $223,000 after purchasing an additional 1,238 shares during the period. 82.91% of the stock is owned by institutional investors.

Triple Flag Precious Metals Trading Up 2.5%

Shares of Triple Flag Precious Metals stock opened at $21.33 on Thursday. The firm’s 50 day moving average is $20.32 and its 200 day moving average is $17.76. The firm has a market capitalization of $4.28 billion, a PE ratio of -193.94, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27. Triple Flag Precious Metals Corp. has a 1 year low of $13.94 and a 1 year high of $22.96.

Triple Flag Precious Metals (NYSE:TFPM) last issued its earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $82.25 million for the quarter, compared to analyst estimates of $72.14 million. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. As a group, research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a yield of 1.03%. Triple Flag Precious Metals’s dividend payout ratio is currently 733.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TFPM shares. Scotiabank reiterated a “sector perform” rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. BMO Capital Markets restated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. National Bank Financial upgraded Triple Flag Precious Metals to a “strong-buy” rating in a research note on Wednesday, April 23rd. Raymond James reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. Finally, Jefferies Financial Group boosted their price target on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Triple Flag Precious Metals has an average rating of “Moderate Buy” and an average target price of $22.00.

Triple Flag Precious Metals Company 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.