Raymond James Financial Inc. Acquires Shares of 30,830 Triple Flag Precious Metals Corp. (NYSE:TFPM)

Raymond James Financial Inc. bought a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 30,830 shares of the company's stock, valued at approximately $464,000.

Other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in Triple Flag Precious Metals by 9.0% in the 4th quarter. Renaissance Technologies LLC now owns 98,900 shares of the company's stock valued at $1,487,000 after acquiring an additional 8,200 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Triple Flag Precious Metals by 35.1% in the fourth quarter. Bank of Montreal Can now owns 497,084 shares of the company's stock valued at $7,460,000 after purchasing an additional 129,148 shares during the period. Geode Capital Management LLC grew its holdings in shares of Triple Flag Precious Metals by 15.4% in the fourth quarter. Geode Capital Management LLC now owns 74,739 shares of the company's stock valued at $1,124,000 after purchasing an additional 9,995 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Triple Flag Precious Metals by 377.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock worth $13,652,000 after buying an additional 718,408 shares during the period. Finally, Orion Portfolio Solutions LLC increased its stake in Triple Flag Precious Metals by 12.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 52,794 shares of the company's stock worth $794,000 after buying an additional 5,892 shares during the period. Hedge funds and other institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Trading Down 0.7%

Shares of TFPM stock traded down $0.14 on Tuesday, reaching $19.95. 473,006 shares of the stock were exchanged, compared to its average volume of 297,019. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of -181.36, a PEG ratio of 0.78 and a beta of -0.27. The business's 50 day moving average price is $20.02 and its 200 day moving average price is $17.63. Triple Flag Precious Metals Corp. has a twelve month low of $13.94 and a twelve month high of $22.96.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. The company had revenue of $82.25 million during the quarter, compared to the consensus estimate of $72.14 million. Equities research 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio (DPR) is 733.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TFPM shares. BMO Capital Markets reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Jefferies Financial Group lifted their target price on Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Raymond James reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th. Finally, Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $22.00.

Triple Flag Precious Metals Company 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.