Horizon Kinetics Asset Management LLC Sells 2,801 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Horizon Kinetics Asset Management LLC reduced its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 11.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,296 shares of the company’s stock after selling 2,801 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Triple Flag Precious Metals were worth $361,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC bought a new position in shares of Triple Flag Precious Metals in the first quarter worth about $6,145,000. Perfromance Wealth Partners LLC bought a new position in shares of Triple Flag Precious Metals in the second quarter worth about $934,000. Allspring Global Investments Holdings LLC bought a new position in shares of Triple Flag Precious Metals in the second quarter worth about $2,191,000. CIBC Asset Management Inc bought a new position in shares of Triple Flag Precious Metals in the second quarter worth about $179,000. Finally, Versor Investments LP bought a new position in shares of Triple Flag Precious Metals in the second quarter worth about $160,000. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Price Performance

TFPM stock opened at $16.59 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.18 and a quick ratio of 3.05. The business’s 50-day simple moving average is $16.87 and its 200 day simple moving average is $16.28. Triple Flag Precious Metals Corp. has a twelve month low of $11.75 and a twelve month high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $73.67 million for the quarter. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. During the same period in the previous year, the firm posted $0.09 earnings per share. Sell-side analysts predict that Triple Flag Precious Metals Corp. will post 0.56 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, November 29th. Triple Flag Precious Metals’s payout ratio is -84.62%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in 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 research report on Friday, October 4th. Scotiabank lifted their target price on Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Triple Flag Precious Metals 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.