Sprott Inc. Cuts Stake in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Sprott Inc. cut its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 11.0% during the fourth quarter, Holdings Channel reports. The firm owned 801,081 shares of the company’s stock after selling 98,732 shares during the quarter. Sprott Inc.’s holdings in Triple Flag Precious Metals were worth $12,044,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FMR LLC raised its position in shares of Triple Flag Precious Metals by 8.9% during the third 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. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Triple Flag Precious Metals by 18.0% in the 3rd 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 during the last quarter. Bank of Montreal Can lifted its stake in Triple Flag Precious Metals by 151.1% in the 3rd quarter. Bank of Montreal Can now owns 367,936 shares of the company’s stock worth $6,042,000 after purchasing an additional 221,389 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Triple Flag Precious Metals by 111.8% during the 3rd quarter. Jane Street Group LLC now owns 203,272 shares of the company’s stock valued at $3,291,000 after purchasing an additional 107,312 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Triple Flag Precious Metals by 2.1% during the third quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company’s stock valued at $56,588,000 after purchasing an additional 71,894 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Trading Down 1.1 %

NYSE:TFPM opened at $17.25 on Wednesday. The business’s 50-day moving average is $15.98 and its 200 day moving average is $16.39. Triple Flag Precious Metals Corp. has a 12 month low of $11.75 and a 12 month high of $18.88. The company has a market capitalization of $3.47 billion, a P/E ratio of -156.82, a P/E/G ratio of 0.78 and a beta of -0.08.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $74.21 million for the quarter, compared to analysts’ expectations of $74.10 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. On average, research analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.22 annualized dividend and a yield of 1.28%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently -200.00%.

About Triple Flag Precious Metals

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.