Connor Clark & Lunn Investment Management Ltd. Buys 46,500 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 92.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,600 shares of the company’s stock after buying an additional 46,500 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Triple Flag Precious Metals were worth $1,450,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. purchased a new position in Triple Flag Precious Metals in the third quarter worth about $278,000. CIBC Asset Management Inc raised its holdings in Triple Flag Precious Metals by 542.6% in the 3rd quarter. CIBC Asset Management Inc now owns 74,263 shares of the company’s stock worth $1,203,000 after acquiring an additional 62,707 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its position in Triple Flag Precious Metals by 9.0% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 697,000 shares of the company’s stock valued at $11,299,000 after acquiring an additional 57,751 shares in the last quarter. Bank of Montreal Can boosted its stake in Triple Flag Precious Metals by 151.1% during the 3rd quarter. Bank of Montreal Can now owns 367,936 shares of the company’s stock valued at $6,042,000 after purchasing an additional 221,389 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Triple Flag Precious Metals by 31.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 153,803 shares of the company’s stock worth $2,490,000 after purchasing an additional 36,548 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Price Performance

TFPM stock opened at $19.27 on Thursday. Triple Flag Precious Metals Corp. has a 1-year low of $13.38 and a 1-year high of $19.48. The stock has a market capitalization of $3.87 billion, a P/E ratio of -175.19, a P/E/G ratio of 0.78 and a beta of -0.08. The business has a fifty day moving average price of $16.83 and a 200-day moving average price of $16.57.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, beating 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 negative net margin of 8.58% and a positive return on equity of 6.63%. As a group, 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 was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Monday, March 3rd. Triple Flag Precious Metals’s dividend payout ratio 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.