Montrusco Bolton Investments Inc. Has $11.30 Million Stock Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Montrusco Bolton Investments Inc. raised its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 9.0% in the third quarter, Holdings Channel.com reports. The fund owned 697,000 shares of the company’s stock after acquiring an additional 57,751 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Triple Flag Precious Metals were worth $11,299,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new stake in shares of Triple Flag Precious Metals in the first quarter worth $6,145,000. American Century Companies Inc. bought a new position in Triple Flag Precious Metals during the second quarter worth $2,389,000. Allspring Global Investments Holdings LLC bought a new position in Triple Flag Precious Metals during the second quarter worth $2,191,000. Acadian Asset Management LLC bought a new position in Triple Flag Precious Metals during the second quarter worth $1,705,000. Finally, Dimensional Fund Advisors LP increased its holdings in Triple Flag Precious Metals by 37.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company’s stock valued at $5,602,000 after buying an additional 97,630 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Trading Down 0.8 %

TFPM opened at $16.64 on Friday. The firm’s 50-day simple moving average is $16.88 and its 200-day simple moving average is $16.28. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. Triple Flag Precious Metals Corp. has a twelve month low of $11.75 and a twelve month high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $73.67 million for the quarter. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. During the same quarter last year, the company earned $0.09 EPS. As a group, sell-side analysts forecast that Triple Flag Precious Metals Corp. will post 0.55 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, November 29th. This represents a $0.22 annualized dividend and a yield of 1.32%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is -84.62%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TFPM. Scotiabank boosted their price target on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group boosted their price target on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

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.