Oppenheimer Asset Management Inc. Has $216,000 Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Oppenheimer Asset Management Inc. reduced its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 24.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,936 shares of the company’s stock after selling 4,520 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Triple Flag Precious Metals were worth $216,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TFPM. Norges Bank acquired a new position in Triple Flag Precious Metals during the fourth quarter worth $14,035,000. Aigen Investment Management LP acquired a new stake in shares of Triple Flag Precious Metals in the fourth quarter valued at $209,000. JARISLOWSKY FRASER Ltd increased its stake in shares of Triple Flag Precious Metals by 7.0% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 294,900 shares of the company’s stock valued at $3,945,000 after buying an additional 19,189 shares in the last quarter. Cove Street Capital LLC acquired a new stake in shares of Triple Flag Precious Metals in the fourth quarter valued at $6,242,000. Finally, Goehring & Rozencwajg Associates LLC increased its stake in shares of Triple Flag Precious Metals by 3.0% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 85,671 shares of the company’s stock valued at $1,141,000 after buying an additional 2,470 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Price Performance

Shares of TFPM stock opened at $16.85 on Monday. The stock has a 50-day moving average price of $15.91 and a 200 day moving average price of $15.67. The company has a quick ratio of 5.59, a current ratio of 5.80 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 88.68, a PEG ratio of 1.01 and a beta of -0.13. Triple Flag Precious Metals Corp. has a 12 month low of $11.75 and a 12 month high of $18.08.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. The firm had revenue of $63.58 million during the quarter. Research analysts expect that Triple Flag Precious Metals Corp. will post 0.52 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Friday, August 30th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently 115.79%.

Analyst Ratings Changes

A number of analysts have recently weighed in on TFPM shares. Royal Bank of Canada restated a “sector perform” rating and issued a $19.00 target price (up from $15.00) on shares of Triple Flag Precious Metals in a research note on Wednesday, May 29th. Scotiabank raised 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 note on Monday, August 19th. Jefferies Financial Group raised their target price on Triple Flag Precious Metals from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Bank of America lifted their price objective on Triple Flag Precious Metals from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.70.

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.