HighTower Advisors LLC Grows Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

HighTower Advisors LLC lifted its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 8.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,432 shares of the company’s stock after purchasing an additional 2,447 shares during the quarter. HighTower Advisors LLC’s holdings in Triple Flag Precious Metals were worth $473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TFPM. Orion Portfolio Solutions LLC lifted its position in Triple Flag Precious Metals by 103.4% during the third quarter. Orion Portfolio Solutions LLC now owns 46,902 shares of the company’s stock valued at $759,000 after buying an additional 23,840 shares during the period. Geode Capital Management LLC increased its stake in shares of Triple Flag Precious Metals by 148.3% in the 3rd quarter. Geode Capital Management LLC now owns 64,744 shares of the company’s stock worth $1,235,000 after acquiring an additional 38,673 shares in the last quarter. FMR LLC lifted its position in Triple Flag Precious Metals by 8.9% during the 3rd quarter. FMR LLC now owns 4,061,121 shares of the company’s stock valued at $65,761,000 after acquiring an additional 333,574 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Triple Flag Precious Metals by 18.0% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock worth $25,838,000 after acquiring an additional 242,906 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Triple Flag Precious Metals by 151.1% in the third quarter. Bank of Montreal Can now owns 367,936 shares of the company’s stock worth $6,042,000 after purchasing an additional 221,389 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Performance

TFPM stock opened at $19.40 on Monday. The firm has a 50 day moving average price of $17.37 and a 200-day moving average price of $16.75. Triple Flag Precious Metals Corp. has a 52-week low of $13.94 and a 52-week high of $19.90. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of -176.35, a PEG ratio of 0.78 and a beta of -0.08.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. The company had revenue of $74.21 million during the quarter, compared to analyst estimates of $74.10 million. As a group, sell-side analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Monday, March 3rd. Triple Flag Precious Metals’s dividend payout ratio is presently -200.00%.

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.