Campbell & CO Investment Adviser LLC Invests $1.60 Million in Triple Flag Precious Metals Corp. $TFPM

Campbell & CO Investment Adviser LLC bought a new stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) in the second quarter, Holdings Channel reports. The fund bought 67,520 shares of the company’s stock, valued at approximately $1,600,000.

Several other institutional investors have also recently made changes to their positions in TFPM. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Triple Flag Precious Metals by 50.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 350,500 shares of the company’s stock worth $8,316,000 after purchasing an additional 117,000 shares during the last quarter. Penserra Capital Management LLC purchased a new position in shares of Triple Flag Precious Metals during the 2nd quarter valued at about $1,546,000. Savant Capital LLC lifted its position in Triple Flag Precious Metals by 115.6% in the 2nd quarter. Savant Capital LLC now owns 39,710 shares of the company’s stock worth $941,000 after buying an additional 21,290 shares during the last quarter. C WorldWide Group Holding A S purchased a new stake in Triple Flag Precious Metals in the second quarter worth approximately $2,357,000. Finally, Earned Wealth Advisors LLC bought a new position in Triple Flag Precious Metals during the second quarter valued at approximately $289,000. Institutional investors own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TFPM shares. Wall Street Zen lowered shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday. Bank of America boosted their price target on shares of Triple Flag Precious Metals from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Scotiabank cut their price target on shares of Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Triple Flag Precious Metals Price Performance

Shares of TFPM stock opened at $30.35 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.68 and a current ratio of 1.68. Triple Flag Precious Metals Corp. has a fifty-two week low of $14.51 and a fifty-two week high of $33.51. The firm has a market cap of $6.27 billion, a P/E ratio of 30.05, a P/E/G ratio of 0.93 and a beta of -0.18. The business’s 50 day moving average price is $29.05 and its 200-day moving average price is $25.54.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $93.50 million during the quarter, compared to analyst estimates of $87.46 million. Triple Flag Precious Metals had a return on equity of 9.56% and a net margin of 59.43%. On average, equities research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share 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 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.0575 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.8%. Triple Flag Precious Metals’s payout ratio is presently 22.77%.

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.