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

Lummis Asset Management LP reduced its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,771 shares of the company’s stock after selling 7,358 shares during the period. Triple Flag Precious Metals makes up about 1.7% of Lummis Asset Management LP’s investment portfolio, making the stock its 19th biggest holding. Lummis Asset Management LP’s holdings in Triple Flag Precious Metals were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of TFPM. Orion Portfolio Solutions LLC lifted its position in shares of Triple Flag Precious Metals by 103.4% during the third quarter. Orion Portfolio Solutions LLC now owns 46,902 shares of the company’s stock worth $759,000 after purchasing an additional 23,840 shares in the last quarter. American Century Companies Inc. purchased a new stake in Triple Flag Precious Metals during the 2nd quarter worth $2,389,000. Geode Capital Management LLC lifted its holdings in Triple Flag Precious Metals by 148.3% in the 3rd quarter. Geode Capital Management LLC now owns 64,744 shares of the company’s stock worth $1,235,000 after buying an additional 38,673 shares in the last quarter. FMR LLC boosted its position in Triple Flag Precious Metals by 8.9% in 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 last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Triple Flag Precious Metals by 18.0% during 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 acquiring an additional 242,906 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group boosted their price target on Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th.

Triple Flag Precious Metals Trading Up 0.1 %

NYSE TFPM opened at $15.76 on Friday. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of -60.61, a price-to-earnings-growth ratio of 0.66 and a beta of -0.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.18 and a quick ratio of 3.05. Triple Flag Precious Metals Corp. has a 12 month low of $11.75 and a 12 month high of $18.88. The company’s fifty day moving average price is $15.95 and its two-hundred day moving average price is $16.19.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. The business had revenue of $73.67 million during the quarter. During the same quarter last year, the business posted $0.09 earnings per share. As a group, research analysts predict 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 company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.40%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is -84.62%.

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.