Connor Clark & Lunn Investment Management Ltd. Has $8.48 Million Stock Position in 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 – Get Rating) by 26.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 612,100 shares of the company’s stock after buying an additional 127,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.39% of Triple Flag Precious Metals worth $8,477,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Jarislowsky Fraser Ltd raised its holdings in Triple Flag Precious Metals by 1.9% during the 4th quarter. Jarislowsky Fraser Ltd now owns 215,373 shares of the company’s stock worth $2,980,000 after buying an additional 3,977 shares during the period. Meixler Investment Management Ltd. acquired a new position in Triple Flag Precious Metals during the fourth quarter worth $174,000. Triasima Portfolio Management inc. acquired a new position in Triple Flag Precious Metals during the fourth quarter worth $1,683,000. Sentry Investment Management LLC acquired a new position in Triple Flag Precious Metals during the fourth quarter worth $217,000. Finally, William Marsh Rice University acquired a new position in Triple Flag Precious Metals during the fourth quarter worth $27,975,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TFPM. Stifel Nicolaus began coverage on shares of Triple Flag Precious Metals in a research report on Monday, May 1st. They set a “buy” rating for the company. Raymond James lifted their price objective on shares of Triple Flag Precious Metals to C$23.00 in a research report on Tuesday, April 18th. TD Securities reduced their price objective on shares of Triple Flag Precious Metals from C$28.00 to C$27.00 in a research report on Thursday. National Bank Financial lifted their price objective on shares of Triple Flag Precious Metals from C$22.00 to C$25.00 in a research report on Tuesday, April 18th. Finally, BMO Capital Markets lifted their price objective on shares of Triple Flag Precious Metals from C$22.00 to C$25.00 in a research report on Monday, April 17th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.08.

Triple Flag Precious Metals Stock Performance

Shares of Triple Flag Precious Metals stock opened at $13.61 on Friday. The firm has a 50-day moving average of $15.37 and a 200-day moving average of $13.94. Triple Flag Precious Metals Corp. has a 52-week low of $10.36 and a 52-week high of $17.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 6.15.

Triple Flag Precious Metals (NYSE:TFPM – Get Rating) last announced its earnings results on Tuesday, February 21st. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $43.89 million during the quarter, compared to the consensus estimate of $43.90 million. As a group, equities analysts forecast that Triple Flag Precious Metals Corp. will post 0.44 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.47%.

Triple Flag Precious Metals Company Profile

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Triple Flag Precious Metals Corp., a gold-focused streaming and royalty company, engages in acquiring and managing precious metals and other streams and royalties in Australia, Canada, Colombia, Mongolia, Peru, South Africa, and the United States. The company has a portfolio of streams and royalties providing exposure primarily to gold and silver.