Hara Capital LLC Sells 1,913 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Hara Capital LLC reduced its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 4.9% in the third quarter, HoldingsChannel.com reports. The firm owned 36,940 shares of the company’s stock after selling 1,913 shares during the period. Hara Capital LLC’s holdings in Triple Flag Precious Metals were worth $598,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Tidal Investments LLC bought a new stake in Triple Flag Precious Metals during the 1st quarter valued at approximately $6,145,000. American Century Companies Inc. purchased a new position in shares of Triple Flag Precious Metals in the second quarter worth $2,389,000. Allspring Global Investments Holdings LLC bought a new position in shares of Triple Flag Precious Metals during the second quarter worth $2,191,000. Acadian Asset Management LLC purchased a new position in Triple Flag Precious Metals during the second quarter valued at $1,705,000. Finally, Dimensional Fund Advisors LP increased its holdings in 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 valued at $5,602,000 after acquiring an additional 97,630 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Trading Up 0.1 %

NYSE:TFPM traded up $0.01 during midday trading on Thursday, hitting $17.16. 32,629 shares of the company traded hands, compared to its average volume of 210,949. The company has a current ratio of 5.80, a quick ratio of 5.59 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average is $16.76 and its 200-day moving average is $16.24. The firm has a market capitalization of $3.46 billion, a P/E ratio of -65.96, a P/E/G ratio of 1.13 and a beta of -0.16. Triple Flag Precious Metals Corp. has a 12-month low of $11.75 and a 12-month 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 analysts’ consensus estimates of $0.14 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 firm had revenue of $73.67 million for the quarter. During the same period in the prior year, the company posted $0.09 EPS. On average, sell-side analysts predict that Triple Flag Precious Metals Corp. will post 0.55 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a yield of 1.28%. Triple Flag Precious Metals’s dividend payout ratio is currently -84.62%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the company 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 company a “sector outperform” rating in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

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.