Connor Clark & Lunn Investment Management Ltd. Invests $811,000 in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 50,100 shares of the company’s stock, valued at approximately $811,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versor Investments LP bought a new stake in shares of Triple Flag Precious Metals during the second quarter worth approximately $160,000. 1832 Asset Management L.P. bought a new stake in Triple Flag Precious Metals in the 2nd quarter valued at $165,000. CIBC Asset Management Inc bought a new stake in Triple Flag Precious Metals in the 2nd quarter valued at $179,000. Magnetar Financial LLC acquired a new position in Triple Flag Precious Metals in the 2nd quarter valued at $228,000. Finally, Oppenheimer & Co. Inc. bought a new position in Triple Flag Precious Metals during the 3rd quarter worth $278,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Performance

TFPM opened at $16.58 on Friday. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of -63.77, a P/E/G ratio of 1.07 and a beta of -0.16. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. Triple Flag Precious Metals Corp. has a twelve month low of $11.75 and a twelve month high of $18.88. The company has a 50-day simple moving average of $16.86 and a 200 day simple moving average of $16.28.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $73.67 million during the quarter. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. During the same period last year, the company posted $0.09 EPS. Analysts predict that Triple Flag Precious Metals Corp. will post 0.56 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 annualized dividend and a dividend yield of 1.33%. Triple Flag Precious Metals’s payout ratio is -84.62%.

Wall Street Analysts Forecast Growth

TFPM has been the topic of several research reports. Scotiabank upped their price target on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group raised their target price on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.