Sprott Inc. Sells 98,732 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Sprott Inc. decreased its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 801,081 shares of the company’s stock after selling 98,732 shares during the quarter. Sprott Inc. owned 0.40% of Triple Flag Precious Metals worth $12,044,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the stock. Point72 Asset Management L.P. purchased a new stake in shares of Triple Flag Precious Metals during the 3rd quarter valued at about $111,000. Drive Wealth Management LLC purchased a new stake in Triple Flag Precious Metals during the fourth quarter valued at approximately $175,000. XTX Topco Ltd bought a new position in Triple Flag Precious Metals in the third quarter worth approximately $220,000. Virtu Financial LLC boosted its stake in shares of Triple Flag Precious Metals by 6.0% during the 3rd quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock worth $244,000 after acquiring an additional 857 shares during the last quarter. Finally, Versor Investments LP grew its position in shares of Triple Flag Precious Metals by 47.6% during the 3rd quarter. Versor Investments LP now owns 15,204 shares of the company’s stock valued at $246,000 after acquiring an additional 4,904 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Price Performance

NYSE:TFPM opened at $17.25 on Wednesday. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of -156.82, a price-to-earnings-growth ratio of 0.78 and a beta of -0.08. The business has a fifty day moving average price of $15.98 and a 200-day moving average price of $16.39. Triple Flag Precious Metals Corp. has a one year low of $11.75 and a one year high of $18.88.

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

Triple Flag Precious Metals Dividend Announcement

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

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.