CIBC Asset Management Inc Has $1.20 Million Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

CIBC Asset Management Inc raised its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 542.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 74,263 shares of the company’s stock after acquiring an additional 62,707 shares during the period. CIBC Asset Management Inc’s holdings in Triple Flag Precious Metals were worth $1,203,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its position in shares of Triple Flag Precious Metals by 2.1% during the third quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company’s stock worth $56,588,000 after purchasing an additional 71,894 shares in the last quarter. Tidal Investments LLC acquired a new position in Triple Flag Precious Metals during the 1st quarter worth $6,145,000. Dimensional Fund Advisors LP boosted its position 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 last quarter. Mountain Lake Investment Management LLC boosted its position in Triple Flag Precious Metals by 1.9% in the 1st quarter. Mountain Lake Investment Management LLC now owns 275,000 shares of the company’s stock valued at $3,974,000 after buying an additional 5,000 shares during the last quarter. Finally, K2 Principal Fund L.P. increased its stake in shares of Triple Flag Precious Metals by 33.5% in the 1st quarter. K2 Principal Fund L.P. now owns 181,737 shares of the company’s stock valued at $2,626,000 after buying an additional 45,600 shares during the period. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Down 0.2 %

Shares of NYSE:TFPM opened at $16.61 on Thursday. The company has a 50 day moving average price of $16.88 and a two-hundred day moving average price of $16.27. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.18. The company has a market capitalization of $3.35 billion, a PE ratio of -63.88, a PEG ratio of 1.05 and a beta of -0.16. Triple Flag Precious Metals Corp. has a 52 week low of $11.75 and a 52 week high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. The business had revenue of $73.67 million during the quarter. During the same quarter in the prior year, the company earned $0.09 EPS. Analysts forecast that Triple Flag Precious Metals Corp. will post 0.55 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.