Triple Flag Precious Metals Corp. (NYSE:TFPM) Position Lifted by Lummis Asset Management LP

Lummis Asset Management LP raised its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 104.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,129 shares of the company’s stock after acquiring an additional 50,242 shares during the quarter. Triple Flag Precious Metals makes up 1.9% of Lummis Asset Management LP’s portfolio, making the stock its 18th biggest position. Lummis Asset Management LP’s holdings in Triple Flag Precious Metals were worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its position in shares of Triple Flag Precious Metals by 2.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company’s stock worth $56,588,000 after buying an additional 71,894 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Triple Flag Precious Metals in the 1st quarter worth about $6,145,000. Dimensional Fund Advisors LP lifted its position in shares of Triple Flag Precious Metals by 37.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company’s stock worth $5,602,000 after buying an additional 97,630 shares during the last quarter. Mountain Lake Investment Management LLC increased its holdings in shares of Triple Flag Precious Metals by 1.9% in the 1st quarter. Mountain Lake Investment Management LLC now owns 275,000 shares of the company’s stock worth $3,974,000 after acquiring an additional 5,000 shares during the period. Finally, K2 Principal Fund L.P. increased its holdings in shares of Triple Flag Precious Metals by 33.5% in the 1st quarter. K2 Principal Fund L.P. now owns 181,737 shares of the company’s stock worth $2,626,000 after acquiring an additional 45,600 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals stock traded up $0.48 during trading hours on Thursday, hitting $16.65. 52,710 shares of the company traded hands, compared to its average volume of 214,440. The firm has a market cap of $3.35 billion, a P/E ratio of -62.19, a P/E/G ratio of 1.04 and a beta of -0.16. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. The firm’s 50-day simple moving average is $16.81 and its two-hundred day simple moving average is $16.27. 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 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. As a group, analysts forecast that Triple Flag Precious Metals Corp. will post 0.55 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.22 annualized dividend and a dividend yield of 1.32%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is -84.62%.

Analyst Ratings Changes

TFPM has been the topic of a number of analyst reports. Jefferies Financial Group increased their price objective on shares of 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 increased their price objective on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.