Cove Street Capital LLC Sells 69,980 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Cove Street Capital LLC lowered its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 47.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,102 shares of the company’s stock after selling 69,980 shares during the period. Cove Street Capital LLC’s holdings in Triple Flag Precious Metals were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of TFPM. Norges Bank bought a new position in Triple Flag Precious Metals during the 4th quarter worth approximately $15,696,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Triple Flag Precious Metals by 377.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company’s stock worth $13,652,000 after purchasing an additional 718,408 shares in the last quarter. Amundi bought a new position in shares of Triple Flag Precious Metals during the fourth quarter worth $8,281,000. FMR LLC grew its holdings in shares of Triple Flag Precious Metals by 8.9% in the 3rd 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 period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of 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 buying an additional 242,906 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Trading Down 1.6 %

TFPM stock opened at $19.40 on Friday. Triple Flag Precious Metals Corp. has a 1-year low of $13.94 and a 1-year high of $19.90. The firm has a market cap of $3.90 billion, a PE ratio of -176.35, a P/E/G ratio of 0.78 and a beta of -0.08. The business’s 50-day moving average price is $17.37 and its two-hundred day moving average price is $16.75.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. The firm had revenue of $74.21 million for the quarter, compared to analyst estimates of $74.10 million. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.055 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.22 annualized dividend and a dividend yield of 1.13%. 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.