Penserra Capital Management LLC Takes Position in Triple Flag Precious Metals Corp. $TFPM

Penserra Capital Management LLC bought a new stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 65,292 shares of the company’s stock, valued at approximately $1,546,000.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TFPM. Bank of America boosted their target price on Triple Flag Precious Metals from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Scotiabank dropped their price target on Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday. Zacks Research upgraded Triple Flag Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. CIBC reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Wednesday, October 8th. Two 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.com, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Triple Flag Precious Metals Price Performance

Shares of NYSE TFPM opened at $29.71 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $29.00 and a two-hundred day simple moving average of $25.47. Triple Flag Precious Metals Corp. has a 1-year low of $14.51 and a 1-year high of $33.51. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 0.90 and a beta of -0.18.

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

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 yield of 0.8%. The ex-dividend date is Monday, December 1st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently 22.77%.

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.