Triple Flag Precious Metals Corp. (NYSE:TFPM) Stock Position Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 19.6% during the third quarter, HoldingsChannel.com reports. The fund owned 60,747 shares of the company’s stock after selling 14,796 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Triple Flag Precious Metals were worth $983,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Versor Investments LP acquired a new stake in Triple Flag Precious Metals in the second quarter worth $160,000. 1832 Asset Management L.P. bought a new position in shares of Triple Flag Precious Metals during the second quarter worth about $165,000. CIBC Asset Management Inc acquired a new stake in shares of Triple Flag Precious Metals in the 2nd quarter worth about $179,000. Magnetar Financial LLC bought a new stake in Triple Flag Precious Metals in the 2nd quarter valued at about $228,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Triple Flag Precious Metals during the 3rd quarter valued at about $278,000. Institutional investors own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised 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 research note on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Triple Flag Precious Metals presently has an average rating of “Moderate Buy” and an average target price of $20.50.

Triple Flag Precious Metals Price Performance

Shares of TFPM opened at $15.41 on Thursday. Triple Flag Precious Metals Corp. has a one year low of $11.75 and a one year high of $18.88. The stock’s fifty day moving average is $16.85 and its 200-day moving average is $16.22. 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 firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of -59.27, a price-to-earnings-growth ratio of 0.86 and a beta of -0.18.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm 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 period in the previous year, the business posted $0.09 EPS. Equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.56 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.22 annualized dividend and a yield of 1.43%. Triple Flag Precious Metals’s payout ratio is -84.62%.

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.