U S Global Investors Inc. Reduces Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

U S Global Investors Inc. cut its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 5.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,471 shares of the company’s stock after selling 11,768 shares during the quarter. U S Global Investors Inc. owned 0.11% of Triple Flag Precious Metals worth $4,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in Triple Flag Precious Metals by 175.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company’s stock valued at $29,000 after acquiring an additional 1,208 shares during the period. Northwest & Ethical Investments L.P. purchased a new stake in Triple Flag Precious Metals during the 4th quarter valued at about $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Triple Flag Precious Metals during the 4th quarter valued at about $134,000. XTX Topco Ltd boosted its holdings in Triple Flag Precious Metals by 9.1% during the 4th quarter. XTX Topco Ltd now owns 14,852 shares of the company’s stock valued at $223,000 after acquiring an additional 1,238 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Triple Flag Precious Metals during the 4th quarter valued at about $255,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BMO Capital Markets cut Triple Flag Precious Metals from an “outperform” rating to a “market perform” rating in a report on Wednesday. Scotiabank reiterated a “sector perform” rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. TD Securities reiterated a “buy” rating on shares of Triple Flag Precious Metals in a report on Tuesday. Royal Bank Of Canada increased their price objective on Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 4th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Triple Flag Precious Metals Stock Down 3.2%

TFPM opened at $23.07 on Friday. The stock has a market cap of $4.63 billion, a PE ratio of 768.97, a PEG ratio of 1.14 and a beta of -0.24. The business has a 50 day moving average of $22.36 and a 200-day moving average of $19.05. Triple Flag Precious Metals Corp. has a 52 week low of $13.94 and a 52 week high of $25.45.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $82.25 million during the quarter, compared to analysts’ expectations of $72.14 million. Triple Flag Precious Metals had a return on equity of 7.69% and a net margin of 1.71%. Equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, May 30th. Triple Flag Precious Metals’s payout ratio is presently 733.33%.

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.