Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 28.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,800 shares of the company’s stock after selling 40,500 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.05% of Triple Flag Precious Metals worth $1,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lummis Asset Management LP boosted its stake in Triple Flag Precious Metals by 1,756.8% during the 2nd quarter. Lummis Asset Management LP now owns 47,887 shares of the company’s stock valued at $742,000 after acquiring an additional 45,308 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Triple Flag Precious Metals during the second quarter worth about $228,000. 1832 Asset Management L.P. bought a new position in shares of Triple Flag Precious Metals during the second quarter worth about $165,000. Goehring & Rozencwajg Associates LLC grew its stake in Triple Flag Precious Metals by 9.9% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 100,771 shares of the company’s stock worth $1,563,000 after purchasing an additional 9,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Triple Flag Precious Metals by 37.0% in the second 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 last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TFPM has been the subject of several research reports. Jefferies Financial Group lifted their target price on 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. Scotiabank boosted their target price on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Triple Flag Precious Metals has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Triple Flag Precious Metals Stock Down 2.2 %

Shares of Triple Flag Precious Metals stock opened at $17.43 on Thursday. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of -39.61, a PEG ratio of 1.23 and a beta of -0.14. Triple Flag Precious Metals Corp. has a twelve month low of $11.75 and a twelve month high of $18.88. The company has a current ratio of 5.80, a quick ratio of 5.59 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $16.68 and its 200-day simple moving average is $16.19.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $63.58 million for the quarter. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%. Equities research analysts forecast that Triple Flag Precious Metals Corp. will post 0.55 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, August 30th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is -50.00%.

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.