Triple Flag Precious Metals Corp. (NYSE:TFPM) Position Reduced by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 11.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,255 shares of the company’s stock after selling 14,875 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Triple Flag Precious Metals worth $1,817,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its position in shares of Triple Flag Precious Metals by 112.7% in the first quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after purchasing an additional 4,029 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Triple Flag Precious Metals in the second quarter worth approximately $160,000. 1832 Asset Management L.P. purchased a new stake in shares of Triple Flag Precious Metals in the second quarter worth approximately $165,000. CIBC Asset Management Inc purchased a new stake in shares of Triple Flag Precious Metals in the second quarter worth approximately $179,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Triple Flag Precious Metals in the second quarter worth approximately $228,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TFPM has been the subject of a number of research analyst reports. Scotiabank increased their price target on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group increased their price target on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Triple Flag Precious Metals Price Performance

Shares of TFPM opened at $16.26 on Friday. The firm has a market cap of $3.28 billion, a PE ratio of 85.58, a PEG ratio of 1.11 and a beta of -0.14. The firm’s 50 day moving average price is $16.12 and its 200 day moving average price is $15.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.59 and a current ratio of 5.80. Triple Flag Precious Metals Corp. has a twelve month low of $11.75 and a twelve month high of $18.08.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data 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. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%. The firm had revenue of $63.58 million for the quarter. As a group, research analysts expect that Triple Flag Precious Metals Corp. will post 0.53 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, August 30th. Triple Flag Precious Metals’s dividend payout ratio is 115.80%.

Triple Flag Precious Metals 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.