2 weeks Ago By Defense World Staff
Invesco Ltd. lowered its stake in shares of Triple Flag Precious Metals Corp. ( NYSE:TFPM – Free Report ) by 21.
4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 875,062 shares of the company’s stock after selling 238,750 shares during the period. Invesco Ltd.
owned 0.43% of Triple Flag Precious Metals worth $13,161,000 at the end of the most recent reporting period. A number of other large investors have also recently made changes to their positions in the stock.
Bank of Montreal Can grew its holdings in shares of Triple Flag Precious Metals by 35.1% during the 4th quarter. Bank of Montreal Can now owns 497,084 shares of the company’s stock valued at $7,460,000 after purchasing an additional 129,148 shares during the last quarter.
Geode Capital Management LLC lifted its position in Triple Flag Precious Metals by 15.4% during the fourth quarter. Geode Capital Management LLC now owns 74,739 shares of the company’s stock valued at $1,124,000 after buying an additional 9,995 shares during the period.
Arrowstreet Capital Limited Partnership lifted its position in Triple Flag Precious Metals by 377.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company’s stock valued at $13,652,000 after acquiring an additional 718,408 shares during the period.
Orion Portfolio Solutions LLC boosted its position in shares of Triple Flag Precious Metals by 12.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 52,794 shares of the company’s stock worth $794,000 after purchasing an additional 5,892 shares in the last quarter.
Finally, Norges Bank bought a new stake in Triple Flag Precious Metals in the fourth quarter worth $15,696,000. 82.91% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades Several analysts have commented on TFPM shares. Scotiabank reiterated a “sector perform” rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Raymond James restated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Friday, April 4th.
Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.00.
Triple Flag Precious Metals Stock Performance Triple Flag Precious Metals stock opened at $22.23 on Tuesday. The stock has a fifty day moving average of $18.
79 and a 200 day moving average of $17.20. The stock has a market cap of $4.
46 billion, a PE ratio of -202.09, a price-to-earnings-growth ratio of 0.78 and a beta of -0.
25. Triple Flag Precious Metals Corp. has a one year low of $13.
94 and a one year high of $22.96. Triple Flag Precious Metals ( NYSE:TFPM – Get Free Report ) last posted its quarterly earnings data on Wednesday, February 19th.
The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.
02. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.
63%. The company had revenue of $74.21 million for the quarter, compared to the consensus estimate of $74.
10 million. As a group, sell-side analysts predict that Triple Flag Precious Metals Corp. will post 0.
71 EPS for the current fiscal year. Triple Flag Precious Metals Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.
055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.
99%. The ex-dividend date was Monday, March 3rd. Triple Flag Precious Metals’s payout ratio is -200.
00%. About Triple Flag Precious Metals ( Free Report ) 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.
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