Horizon Kinetics Asset Management LLC Has $361,000 Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Horizon Kinetics Asset Management LLC reduced its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 11.2% during the 3rd quarter, Holdings Channel reports. The fund owned 22,296 shares of the company’s stock after selling 2,801 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Triple Flag Precious Metals were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Van ECK Associates Corp raised its position in shares of Triple Flag Precious Metals by 2.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company’s stock valued at $56,588,000 after acquiring an additional 71,894 shares during the last quarter. Montrusco Bolton Investments Inc. increased its holdings in Triple Flag Precious Metals by 9.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 697,000 shares of the company’s stock valued at $11,299,000 after purchasing an additional 57,751 shares during the last quarter. Tidal Investments LLC acquired a new position in Triple Flag Precious Metals in the first quarter valued at about $6,145,000. Dimensional Fund Advisors LP boosted its holdings in Triple Flag Precious Metals by 37.0% during the second quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company’s stock worth $5,602,000 after buying an additional 97,630 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Triple Flag Precious Metals during the 2nd quarter worth about $2,389,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TFPM shares. Jefferies Financial Group boosted their price objective on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. Scotiabank upped their price objective on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Triple Flag Precious Metals currently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Triple Flag Precious Metals Stock Performance

TFPM opened at $16.59 on Wednesday. The business’s 50-day moving average price is $16.87 and its two-hundred day moving average price is $16.28. Triple Flag Precious Metals Corp. has a 1 year low of $11.75 and a 1 year high of $18.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.18 and a quick ratio of 3.05.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. The business had revenue of $73.67 million for the quarter. During the same period in the prior year, the business posted $0.09 EPS. On average, equities research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.56 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, November 29th. Triple Flag Precious Metals’s payout ratio is -84.62%.

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.