The Manufacturers Life Insurance Company acquired a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM – Get Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 240,449 shares of the company's stock, valued at approximately $3,046,000. The Manufacturers Life Insurance Company owned about 0.15% of Triple Flag Precious Metals as of its most recent filing with the Securities and Exchange Commission (SEC).
Triple Flag Precious Metals Trading Down 0.6 %
Shares of Triple Flag Precious Metals stock opened at $13.63 on Friday. Triple Flag Precious Metals Corp. has a 52 week low of $10.36 and a 52 week high of $16.60. The company has a fifty day simple moving average of $13.50.
Get Triple Flag Precious Metals alerts:Triple Flag Precious Metals (NYSE:TFPM – Get Rating) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $33.75 million during the quarter. Equities analysts forecast that Triple Flag Precious Metals Corp. will post 0.38 earnings per share for the current fiscal year.
Triple Flag Precious Metals Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Tuesday, November 29th.Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Raymond James boosted their price objective on Triple Flag Precious Metals from C$21.00 to C$222.00 in a research note on Tuesday, January 24th. BMO Capital Markets lowered Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 10th. TD Securities boosted their price objective on Triple Flag Precious Metals from C$19.50 to C$23.00 in a research note on Wednesday, December 14th. National Bank Financial raised Triple Flag Precious Metals from a "sector perform overweight" rating to an "outperform overweight" rating in a research note on Thursday, January 19th. Finally, CIBC upped their price target on Triple Flag Precious Metals from C$21.00 to C$22.50 in a research note on Tuesday, January 24th.
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.
Further Reading
- Get a free copy of the StockNews.com research report on Triple Flag Precious Metals (TFPM)
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