Mackenzie Financial Corp Sells 48,988 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Mackenzie Financial Corp trimmed its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 65.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,414 shares of the company’s stock after selling 48,988 shares during the period. Mackenzie Financial Corp’s holdings in Triple Flag Precious Metals were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Sprott Inc. raised its position in shares of Triple Flag Precious Metals by 3.6% in the 3rd quarter. Sprott Inc. now owns 3,296,455 shares of the company’s stock worth $46,355,000 after acquiring an additional 113,767 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Triple Flag Precious Metals by 3.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,655,144 shares of the company’s stock worth $22,142,000 after purchasing an additional 60,495 shares in the last quarter. Invesco Ltd. lifted its position in shares of Triple Flag Precious Metals by 9.3% during the third quarter. Invesco Ltd. now owns 1,548,289 shares of the company’s stock valued at $20,236,000 after buying an additional 131,367 shares during the last quarter. Montrusco Bolton Investments Inc. bought a new stake in shares of Triple Flag Precious Metals in the 3rd quarter valued at about $7,219,000. Finally, Stansberry Asset Management LLC grew its position in shares of Triple Flag Precious Metals by 6.7% in the 3rd quarter. Stansberry Asset Management LLC now owns 512,638 shares of the company’s stock worth $6,700,000 after buying an additional 32,285 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

TFPM has been the subject of a number of analyst reports. Bank of America increased their target price on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a “buy” rating in a research report on Monday, March 18th. Jefferies Financial Group raised their price objective on Triple Flag Precious Metals from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $21.80.

Triple Flag Precious Metals Trading Up 1.0 %

Shares of Triple Flag Precious Metals stock opened at $16.36 on Friday. The firm’s 50 day simple moving average is $14.17 and its two-hundred day simple moving average is $13.38. The firm has a market capitalization of $3.29 billion and a price-to-earnings ratio of 86.11. Triple Flag Precious Metals Corp. has a 12-month low of $11.75 and a 12-month high of $17.33. The company has a current ratio of 3.29, a quick ratio of 3.21 and a debt-to-equity ratio of 0.03.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Wednesday, February 21st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $51.74 million for the quarter. Triple Flag Precious Metals had a return on equity of 3.64% and a net margin of 17.78%. Analysts predict that Triple Flag Precious Metals Corp. will post 0.46 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.052 dividend. This represents a $0.21 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, March 1st. Triple Flag Precious Metals’s payout ratio is 110.53%.

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.