Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp cut its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,425,517 shares of the company’s stock after selling 131,967 shares during the period. Van ECK Associates Corp owned 1.70% of Triple Flag Precious Metals worth $53,096,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. boosted its stake in Triple Flag Precious Metals by 112.7% during the first quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock valued at $110,000 after buying an additional 4,029 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Triple Flag Precious Metals by 51.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,125 shares of the company’s stock valued at $175,000 after acquiring an additional 4,475 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Triple Flag Precious Metals in the 4th quarter valued at approximately $209,000. Meixler Investment Management Ltd. grew its holdings in Triple Flag Precious Metals by 12.0% in the 1st quarter. Meixler Investment Management Ltd. now owns 16,325 shares of the company’s stock valued at $236,000 after buying an additional 1,750 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in Triple Flag Precious Metals in the 1st quarter valued at approximately $364,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TFPM. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $19.00 price target (up previously from $15.00) on shares of Triple Flag Precious Metals in a research note on Wednesday, May 29th. Jefferies Financial Group lifted their price objective on Triple Flag Precious Metals from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Bank of America boosted their target price on Triple Flag Precious Metals from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, Scotiabank boosted their target price on Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.70.

Triple Flag Precious Metals Trading Up 0.8 %

NYSE:TFPM traded up $0.12 during mid-day trading on Friday, hitting $16.35. The company had a trading volume of 199,235 shares, compared to its average volume of 203,162. Triple Flag Precious Metals Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $18.08. The business’s fifty day moving average is $15.73 and its two-hundred day moving average is $15.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.59 and a current ratio of 5.80. The firm has a market cap of $3.29 billion, a P/E ratio of 86.06, a P/E/G ratio of 0.98 and a beta of -0.14.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Wednesday, August 7th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. The firm had revenue of $63.58 million for the quarter. As a group, research analysts expect that Triple Flag Precious Metals Corp. will post 0.52 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, August 30th. Triple Flag Precious Metals’s payout ratio is 110.53%.

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.