Wrapmanager Inc. Takes Position in Triple Flag Precious Metals Corp. $TFPM

Wrapmanager Inc. purchased a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,289 shares of the company’s stock, valued at approximately $362,000.

Several other hedge funds have also recently added to or reduced their stakes in TFPM. Mackenzie Financial Corp lifted its holdings in Triple Flag Precious Metals by 2,463.9% in the 1st quarter. Mackenzie Financial Corp now owns 835,240 shares of the company’s stock valued at $15,978,000 after purchasing an additional 802,663 shares in the last quarter. SCS Capital Management LLC purchased a new stake in shares of Triple Flag Precious Metals during the first quarter worth $15,179,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Triple Flag Precious Metals by 11.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,648,973 shares of the company’s stock valued at $31,542,000 after buying an additional 173,881 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Triple Flag Precious Metals by 141.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 233,500 shares of the company’s stock worth $4,468,000 after buying an additional 136,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Triple Flag Precious Metals by 69.8% during the first quarter. Goldman Sachs Group Inc. now owns 305,826 shares of the company’s stock worth $5,857,000 after acquiring an additional 125,746 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen downgraded shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Bank of America upped their price target on Triple Flag Precious Metals from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Raymond James Financial reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a report on Friday, October 10th. Zacks Research upgraded Triple Flag Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Finally, Scotiabank dropped their target price on Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Triple Flag Precious Metals Stock Down 2.3%

TFPM stock opened at $30.87 on Friday. Triple Flag Precious Metals Corp. has a one year low of $14.51 and a one year high of $33.51. The firm has a market cap of $6.38 billion, a PE ratio of 30.56, a PEG ratio of 0.99 and a beta of -0.18. The firm’s 50 day moving average price is $29.21 and its 200-day moving average price is $25.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.68 and a current ratio of 1.68.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. Triple Flag Precious Metals had a return on equity of 9.56% and a net margin of 59.43%.The company had revenue of $93.50 million during the quarter, compared to analyst estimates of $87.46 million. On average, equities research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.0575 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, December 1st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 22.77%.

Triple Flag Precious Metals 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.