Sentry Investment Management LLC Has $458,000 Stake in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Sentry Investment Management LLC lessened its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 17.0% during the second quarter, Holdings Channel reports. The fund owned 29,575 shares of the company’s stock after selling 6,058 shares during the quarter. Sentry Investment Management LLC’s holdings in Triple Flag Precious Metals were worth $458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TFPM. Montrusco Bolton Investments Inc. lifted its position in shares of Triple Flag Precious Metals by 59.5% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 874,961 shares of the company’s stock valued at $11,705,000 after purchasing an additional 326,357 shares in the last quarter. Norges Bank purchased a new position in shares of Triple Flag Precious Metals during the 4th quarter valued at $14,035,000. Beutel Goodman & Co Ltd. boosted its holdings in Triple Flag Precious Metals by 45.5% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 2,482,110 shares of the company’s stock worth $33,205,000 after buying an additional 776,130 shares during the period. Aigen Investment Management LP bought a new position in shares of Triple Flag Precious Metals in the fourth quarter worth $209,000. Finally, JARISLOWSKY FRASER Ltd boosted its stake in Triple Flag Precious Metals by 7.0% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 294,900 shares of the company’s stock worth $3,945,000 after purchasing an additional 19,189 shares during the period. 82.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TFPM shares. Royal Bank of Canada restated a “sector perform” rating and set a $19.00 target price (up from $15.00) on shares of Triple Flag Precious Metals in a research report on Wednesday, May 29th. Bank of America increased their price target on shares of Triple Flag Precious Metals from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Scotiabank increased their target price on 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. Finally, Jefferies Financial Group lifted their price target on Triple Flag Precious Metals from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Triple Flag Precious Metals presently has an average rating of “Moderate Buy” and an average price target of $20.70.

Triple Flag Precious Metals Trading Up 1.1 %

Shares of TFPM stock opened at $15.91 on Wednesday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 83.74, a P/E/G ratio of 0.91 and a beta of -0.14. The company has a current ratio of 5.80, a quick ratio of 5.59 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $15.79 and its 200 day moving average is $15.46. Triple Flag Precious Metals Corp. has a 12-month low of $11.75 and a 12-month high of $18.08.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Wednesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%. The company had revenue of $63.58 million during the quarter. Research analysts expect that Triple Flag Precious Metals Corp. will post 0.52 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, August 30th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 115.80%.

Triple Flag Precious Metals 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.