Global Strategic Management Inc. Sells 17,723 Shares of Triple Flag Precious Metals Corp. $TFPM

Global Strategic Management Inc. cut its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,435 shares of the company’s stock after selling 17,723 shares during the period. Triple Flag Precious Metals accounts for 5.0% of Global Strategic Management Inc.’s investment portfolio, making the stock its 7th largest holding. Global Strategic Management Inc.’s holdings in Triple Flag Precious Metals were worth $7,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the company. Legal & General Group Plc bought a new position in shares of Triple Flag Precious Metals in the 2nd quarter worth about $1,918,000. Tidal Investments LLC raised its holdings in shares of Triple Flag Precious Metals by 15.8% during the second quarter. Tidal Investments LLC now owns 2,949,715 shares of the company’s stock valued at $88,403,000 after purchasing an additional 402,924 shares during the period. Dimensional Fund Advisors LP increased its position in Triple Flag Precious Metals by 8.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 598,967 shares of the company’s stock valued at $20,787,000 after buying an additional 48,144 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Triple Flag Precious Metals in the second quarter worth approximately $3,572,000. Finally, Deutsche Bank AG acquired a new stake in Triple Flag Precious Metals in the second quarter valued at approximately $12,322,000. 82.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

TFPM has been the subject of several recent research reports. Zacks Research upgraded Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Jefferies Financial Group decreased their price target on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Weiss Ratings upgraded shares of Triple Flag Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Wall Street Zen lowered shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Scotiabank dropped their price target on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.25.

Triple Flag Precious Metals Price Performance

NYSE TFPM opened at $30.50 on Friday. The company has a fifty day moving average price of $32.42 and a 200-day moving average price of $31.69. Triple Flag Precious Metals Corp. has a 1 year low of $26.61 and a 1 year high of $41.70. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 2.98 and a beta of -0.13.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. The business had revenue of $129.20 million during the quarter, compared to the consensus estimate of $129.20 million. On average, research analysts anticipate that Triple Flag Precious Metals Corp. will post 1.41 EPS for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.24 annualized dividend and a dividend yield of 0.8%. This is an increase from Triple Flag Precious Metals’s previous quarterly dividend of $0.0575. Triple Flag Precious Metals’s payout ratio is 12.06%.

Triple Flag Precious Metals Profile

Triple Flag Precious Metals Corp. is a precious-metals streaming and royalty company headquartered in Toronto, Canada. Through streaming agreements, it provides mining companies with upfront financing in exchange for the right to purchase a portion of future metal production at predetermined prices. Its royalty interests entitle the company to receive a percentage of revenue or production from mining operations without directly operating the mines.

The company’s portfolio is primarily focused on gold and silver, with additional exposure to other metals, including copper and platinum-group metals.