Triple Flag Precious Metals Corp. (NYSE:TFPM) Position Increased by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. boosted its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 697,000 shares of the company’s stock after buying an additional 57,751 shares during the period. Montrusco Bolton Investments Inc. owned 0.35% of Triple Flag Precious Metals worth $11,299,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TFPM. Versor Investments LP lifted its position in Triple Flag Precious Metals by 47.6% in the 3rd quarter. Versor Investments LP now owns 15,204 shares of the company’s stock valued at $246,000 after purchasing an additional 4,904 shares during the last quarter. Mountain Lake Investment Management LLC lifted its position in Triple Flag Precious Metals by 1.9% in the 1st quarter. Mountain Lake Investment Management LLC now owns 275,000 shares of the company’s stock valued at $3,974,000 after purchasing an additional 5,000 shares during the last quarter. Meixler Investment Management Ltd. lifted its position in Triple Flag Precious Metals by 43.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 23,862 shares of the company’s stock valued at $386,000 after purchasing an additional 7,262 shares during the last quarter. Aigen Investment Management LP lifted its position in Triple Flag Precious Metals by 47.4% in the 3rd quarter. Aigen Investment Management LP now owns 23,894 shares of the company’s stock valued at $387,000 after purchasing an additional 7,680 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC lifted its position in Triple Flag Precious Metals by 9.9% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 100,771 shares of the company’s stock valued at $1,563,000 after purchasing an additional 9,100 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Trading Down 0.8 %

Shares of TFPM opened at $16.64 on Friday. The firm’s 50 day moving average is $16.88 and its 200-day moving average is $16.28. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. Triple Flag Precious Metals Corp. has a 12-month low of $11.75 and a 12-month high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $73.67 million for the quarter. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. During the same period last year, the business earned $0.09 earnings per share. On average, sell-side analysts anticipate that Triple Flag Precious Metals Corp. will post 0.55 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, November 29th. Triple Flag Precious Metals’s dividend payout ratio is currently -84.62%.

Analyst Upgrades and Downgrades

TFPM has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted 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. Scotiabank boosted 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. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.50.

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.