Beutel Goodman & Co Ltd. Purchases 368,736 Shares of Triple Flag Precious Metals Corp. $TFPM

Beutel Goodman & Co Ltd. boosted its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 31.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,549,883 shares of the company’s stock after buying an additional 368,736 shares during the quarter. Beutel Goodman & Co Ltd.’s holdings in Triple Flag Precious Metals were worth $47,803,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC lifted its position in Triple Flag Precious Metals by 15.8% during the 2nd quarter. Tidal Investments LLC now owns 2,949,715 shares of the company’s stock worth $88,403,000 after acquiring an additional 402,924 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Triple Flag Precious Metals by 2.3% during the second quarter. Van ECK Associates Corp now owns 2,336,139 shares of the company’s stock valued at $70,018,000 after acquiring an additional 53,175 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Triple Flag Precious Metals during the second quarter valued at about $29,283,000. Dimensional Fund Advisors LP grew its position in shares of Triple Flag Precious Metals by 8.7% in the first quarter. Dimensional Fund Advisors LP now owns 598,967 shares of the company’s stock valued at $20,787,000 after purchasing an additional 48,144 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Triple Flag Precious Metals by 3.1% in the second quarter. Bank of America Corp DE now owns 510,966 shares of the company’s stock valued at $15,314,000 after purchasing an additional 15,562 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TFPM. Zacks Research upgraded Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Royal Bank Of Canada increased their target price on Triple Flag Precious Metals from $40.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Scotiabank decreased their target price on Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Finally, Weiss Ratings raised Triple Flag Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 14th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Triple Flag Precious Metals has an average rating of “Moderate Buy” and an average target price of $39.25.

Triple Flag Precious Metals Trading Up 4.5%

Triple Flag Precious Metals stock opened at $32.96 on Tuesday. The business has a 50 day moving average price of $31.35 and a two-hundred day moving average price of $32.62. The company has a quick ratio of 6.26, a current ratio of 3.89 and a debt-to-equity ratio of 0.08. Triple Flag Precious Metals Corp. has a 12 month low of $26.61 and a 12 month high of $41.70. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 3.21 and a beta of -0.09.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $106.70 million for the quarter, compared to analysts’ expectations of $106.70 million. Triple Flag Precious Metals had a return on equity of 13.56% and a net margin of 82.56%. As a group, equities analysts forecast that Triple Flag Precious Metals Corp. will post 1.31 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, November 30th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 12.00%.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a precious metals streaming and royalty company. It provides mining companies with upfront financing in exchange for the right to purchase a portion of future metal production or receive royalty payments tied to production or revenue.

The company’s portfolio is focused on gold and silver, with exposure to other metals through some assets. Triple Flag holds interests in mines and development projects across several regions, including the Americas, Australia and Africa.