Montrusco Bolton Investments Inc. Has $10.07 Million Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Montrusco Bolton Investments Inc. lessened its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 670,446 shares of the company’s stock after selling 26,554 shares during the period. Montrusco Bolton Investments Inc. owned 0.33% of Triple Flag Precious Metals worth $10,069,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TFPM. FMR LLC raised its stake 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 worth $65,761,000 after buying an additional 333,574 shares during the period. Van ECK Associates Corp boosted its stake in Triple Flag Precious Metals by 2.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company’s stock worth $56,588,000 after purchasing an additional 71,894 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of 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 buying an additional 242,906 shares in the last quarter. Tidal Investments LLC boosted its position in Triple Flag Precious Metals by 1.8% during the 3rd quarter. Tidal Investments LLC now owns 533,520 shares of the company’s stock worth $8,632,000 after acquiring an additional 9,184 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Triple Flag Precious Metals by 151.1% during 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 last quarter. Institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their target price on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 4th.

Triple Flag Precious Metals Stock Performance

Shares of NYSE TFPM opened at $15.81 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.18 and a quick ratio of 3.05. The business’s 50 day moving average price is $15.89 and its two-hundred day moving average price is $16.19. Triple Flag Precious Metals Corp. has a twelve month low of $11.75 and a twelve month high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. The business had revenue of $73.67 million for the quarter. During the same period in the previous year, the firm posted $0.09 earnings per share. Analysts predict that Triple Flag Precious Metals Corp. will post 0.55 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, November 29th. Triple Flag Precious Metals’s payout ratio is -84.62%.

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.