Goehring & Rozencwajg Associates LLC Buys 9,100 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Goehring & Rozencwajg Associates LLC lifted its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,771 shares of the company’s stock after purchasing an additional 9,100 shares during the quarter. Goehring & Rozencwajg Associates LLC owned about 0.05% of Triple Flag Precious Metals worth $1,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Van ECK Associates Corp lifted its position in Triple Flag Precious Metals by 0.9% in the 1st quarter. Van ECK Associates Corp now owns 3,557,484 shares of the company’s stock valued at $51,406,000 after acquiring an additional 30,758 shares in the last quarter. Norges Bank bought a new position in Triple Flag Precious Metals in the 4th quarter valued at approximately $14,035,000. Cove Street Capital LLC lifted its holdings in shares of Triple Flag Precious Metals by 15.4% during the 1st quarter. Cove Street Capital LLC now owns 541,255 shares of the company’s stock valued at $7,821,000 after buying an additional 72,249 shares during the period. Tidal Investments LLC bought a new position in shares of Triple Flag Precious Metals during the 1st quarter valued at $6,145,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Triple Flag Precious Metals by 37.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company’s stock valued at $5,602,000 after buying an additional 97,630 shares during the period. 82.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TFPM has been the topic of several research analyst reports. Bank of America increased their price target on Triple Flag Precious Metals from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Royal Bank of Canada restated a “sector perform” rating and issued a $19.00 price objective (up from $15.00) on shares of Triple Flag Precious Metals in a research note on Wednesday, May 29th. Scotiabank lifted their target price 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. Finally, Jefferies Financial Group upped their price target on Triple Flag Precious Metals from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Triple Flag Precious Metals has an average rating of “Moderate Buy” and an average price target of $20.70.

Triple Flag Precious Metals Stock Performance

NYSE:TFPM opened at $16.58 on Thursday. The company has a current ratio of 5.80, a quick ratio of 5.59 and a debt-to-equity ratio of 0.01. Triple Flag Precious Metals Corp. has a 12-month low of $11.75 and a 12-month high of $18.08. The stock has a 50-day moving average price of $15.88 and a 200 day moving average price of $15.62. The stock has a market capitalization of $3.34 billion, a P/E ratio of 87.27, a P/E/G ratio of 1.01 and a beta of -0.13.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $63.58 million during the quarter. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. Equities research analysts forecast that Triple Flag Precious Metals Corp. will post 0.52 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.33%. The ex-dividend date was Friday, August 30th. Triple Flag Precious Metals’s dividend payout ratio is presently 115.80%.

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.