Geode Capital Management LLC lifted its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM – Free Report) by 148.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,744 shares of the company’s stock after purchasing an additional 38,673 shares during the quarter. Geode Capital Management LLC’s holdings in Triple Flag Precious Metals were worth $1,235,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in TFPM. FMR LLC raised its position in shares of Triple Flag Precious Metals by 8.9% during the 3rd quarter. FMR LLC now owns 4,061,121 shares of the company’s stock valued at $65,761,000 after buying an additional 333,574 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Triple Flag Precious Metals by 18.0% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock valued at $25,838,000 after purchasing an additional 242,906 shares during the period. Bank of Montreal Can lifted its stake in shares of Triple Flag Precious Metals by 151.1% in the 3rd quarter. Bank of Montreal Can now owns 367,936 shares of the company’s stock valued at $6,042,000 after purchasing an additional 221,389 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Triple Flag Precious Metals during the 2nd quarter worth $2,389,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Triple Flag Precious Metals during the 2nd quarter worth about $1,705,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.
Triple Flag Precious Metals Stock Up 0.6 %
NYSE:TFPM opened at $15.35 on Friday. Triple Flag Precious Metals Corp. has a 52 week low of $11.75 and a 52 week high of $18.88. The stock’s fifty day moving average is $16.14 and its two-hundred day moving average is $16.18. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of -59.04, a price-to-earnings-growth ratio of 0.86 and a beta of -0.09. 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 Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, November 29th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -84.62%.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group upped 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 report on Friday, October 4th.
Get Our Latest Analysis on Triple Flag Precious Metals
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.
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