Intact Investment Management Inc. Sells 30,000 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Intact Investment Management Inc. lowered its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 53.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,000 shares of the company’s stock after selling 30,000 shares during the period. Intact Investment Management Inc.’s holdings in Triple Flag Precious Metals were worth $421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TFPM. Versor Investments LP acquired a new position in Triple Flag Precious Metals during the 2nd quarter worth about $160,000. 1832 Asset Management L.P. acquired a new position in Triple Flag Precious Metals during the 2nd quarter worth about $165,000. CIBC Asset Management Inc acquired a new position in Triple Flag Precious Metals during the 2nd quarter worth about $179,000. Magnetar Financial LLC acquired a new position in Triple Flag Precious Metals during the 2nd quarter worth about $228,000. Finally, Meixler Investment Management Ltd. lifted its holdings in Triple Flag Precious Metals by 12.0% during the 1st quarter. Meixler Investment Management Ltd. now owns 16,325 shares of the company’s stock worth $236,000 after buying an additional 1,750 shares during the period. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Up 0.9 %

Shares of NYSE:TFPM opened at $17.30 on Wednesday. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of -39.32, a P/E/G ratio of 1.12 and a beta of -0.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.80 and a quick ratio of 5.59. The business’s 50-day moving average is $16.72 and its 200-day moving average is $16.22. Triple Flag Precious Metals Corp. has a 1 year low of $11.75 and a 1 year high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. The company had revenue of $63.58 million for the quarter. Equities research analysts predict that Triple Flag Precious Metals Corp. will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TFPM shares. Jefferies Financial Group lifted their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Scotiabank boosted their price objective on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Triple Flag Precious Metals has a consensus 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.