Bank of Montreal Can Purchases 221,389 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Bank of Montreal Can grew its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 151.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 367,936 shares of the company’s stock after buying an additional 221,389 shares during the period. Bank of Montreal Can’s holdings in Triple Flag Precious Metals were worth $6,042,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TFPM. Perfromance Wealth Partners LLC purchased a new position in Triple Flag Precious Metals in the second quarter worth about $934,000. Allspring Global Investments Holdings LLC bought a new stake in Triple Flag Precious Metals during the second quarter valued at about $2,191,000. CIBC Asset Management Inc bought a new position in Triple Flag Precious Metals in the 2nd quarter worth approximately $179,000. Versor Investments LP bought a new position in shares of Triple Flag Precious Metals during the second quarter worth $160,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Triple Flag Precious Metals during the second quarter valued at about $1,705,000. 82.91% of the stock is owned by institutional investors.

Triple Flag Precious Metals Trading Down 1.3 %

TFPM stock opened at $16.52 on Tuesday. The company has a market capitalization of $3.33 billion, a PE ratio of -63.65, a P/E/G ratio of 0.89 and a beta of -0.16. The firm’s 50-day moving average is $16.85 and its 200 day moving average is $16.28. Triple Flag Precious Metals Corp. has a 12 month low of $11.75 and a 12 month high of $18.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.18 and a quick ratio of 3.05.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. The firm had revenue of $73.67 million during the quarter. During the same quarter in the previous year, the firm earned $0.09 earnings per share. On average, research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.56 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, November 29th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently -84.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group increased their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Scotiabank upped 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. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Triple Flag Precious Metals presently has an average rating of “Moderate Buy” and an average price target of $20.50.

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.