U S Global Investors Inc. Acquires 81,667 Shares of Triple Flag Precious Metals Corp. $TFPM

U S Global Investors Inc. grew its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 47.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 253,667 shares of the company’s stock after buying an additional 81,667 shares during the period. U S Global Investors Inc. owned 0.12% of Triple Flag Precious Metals worth $7,815,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sowell Financial Services LLC increased its position in Triple Flag Precious Metals by 25.3% in the 3rd quarter. Sowell Financial Services LLC now owns 11,435 shares of the company’s stock valued at $352,000 after acquiring an additional 2,311 shares during the period. TD Waterhouse Canada Inc. lifted its position in Triple Flag Precious Metals by 13.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 63,476 shares of the company’s stock worth $1,886,000 after acquiring an additional 7,684 shares during the period. Echo45 Advisors LLC lifted its position in Triple Flag Precious Metals by 6.5% during the 3rd quarter. Echo45 Advisors LLC now owns 7,390 shares of the company’s stock worth $228,000 after acquiring an additional 448 shares during the period. Tidal Investments LLC lifted its position in Triple Flag Precious Metals by 15.8% during the 2nd quarter. Tidal Investments LLC now owns 2,949,715 shares of the company’s stock worth $88,403,000 after acquiring an additional 402,924 shares during the period. Finally, Engineers Gate Manager LP grew its stake in shares of Triple Flag Precious Metals by 15.1% in the 2nd quarter. Engineers Gate Manager LP now owns 76,961 shares of the company’s stock valued at $2,307,000 after purchasing an additional 10,091 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Down 4.6%

NYSE:TFPM opened at $29.36 on Friday. The company has a market capitalization of $6.04 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 3.27 and a beta of -0.13. Triple Flag Precious Metals Corp. has a 52-week low of $26.61 and a 52-week high of $41.70. The stock has a fifty day simple moving average of $32.26 and a 200-day simple moving average of $31.53.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. The business had revenue of $129.20 million during the quarter, compared to analysts’ expectations of $129.20 million. As a group, equities analysts anticipate that Triple Flag Precious Metals Corp. will post 1.33 earnings per share for the current year.

Triple Flag Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, August 31st. This is a positive change from Triple Flag Precious Metals’s previous quarterly dividend of $0.0575. This represents a $0.24 annualized dividend and a yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 12.06%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TFPM shares. Bank of America dropped their target price on Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Zacks Research upgraded shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Jefferies Financial Group lowered their price objective on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Weiss Ratings raised shares of Triple Flag Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 14th. Finally, Wall Street Zen downgraded shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a precious metals streaming and royalty company headquartered in Toronto, Canada. The company provides upfront financing to mining companies in exchange for the right to purchase a portion of future production, typically at predetermined prices. Its agreements are primarily focused on gold and silver, along with other precious metals and related by-products.

Triple Flag does not generally operate mines directly. Instead, it builds a diversified portfolio of streams and royalties linked to producing, developing and exploration-stage assets.