Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Sold by Stansberry Asset Management LLC

Stansberry Asset Management LLC reduced its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 0.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 475,714 shares of the company’s stock after selling 819 shares during the quarter. Stansberry Asset Management LLC’s holdings in Triple Flag Precious Metals were worth $7,697,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd grew its position in Triple Flag Precious Metals by 3.0% during the 3rd quarter. Quadrature Capital Ltd now owns 34,800 shares of the company’s stock worth $564,000 after purchasing an additional 1,000 shares during the period. Versor Investments LP grew its position in Triple Flag Precious Metals by 47.6% during the 3rd quarter. Versor Investments LP now owns 15,204 shares of the company’s stock worth $246,000 after purchasing an additional 4,904 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Triple Flag Precious Metals during the 3rd quarter worth about $111,000. Meixler Investment Management Ltd. boosted its stake in shares of Triple Flag Precious Metals by 43.7% during the 3rd quarter. Meixler Investment Management Ltd. now owns 23,862 shares of the company’s stock worth $386,000 after acquiring an additional 7,262 shares in the last quarter. Finally, Aigen Investment Management LP boosted its stake in shares of Triple Flag Precious Metals by 47.4% during the 3rd quarter. Aigen Investment Management LP now owns 23,894 shares of the company’s stock worth $387,000 after acquiring an additional 7,680 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Scotiabank increased their target price on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group increased their target price on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Triple Flag Precious Metals Trading Down 0.5 %

Shares of Triple Flag Precious Metals stock opened at $16.74 on Thursday. The firm has a market capitalization of $3.37 billion, a PE ratio of -64.38, a P/E/G ratio of 0.90 and a beta of -0.18. Triple Flag Precious Metals Corp. has a twelve month low of $11.75 and a twelve month high of $18.88. The firm’s 50-day moving average price is $16.84 and its 200 day moving average price is $16.28. The company has a current ratio of 3.18, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $73.67 million during 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 quarter in the previous year, the company posted $0.09 EPS. On average, sell-side analysts predict that Triple Flag Precious Metals Corp. will post 0.56 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a yield of 1.31%. 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.