Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Purchased by Barclays PLC

Barclays PLC increased its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 65.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 235,658 shares of the company's stock after buying an additional 93,214 shares during the quarter. Barclays PLC owned about 0.12% of Triple Flag Precious Metals worth $3,544,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TFPM. Farther Finance Advisors LLC lifted its holdings in shares of Triple Flag Precious Metals by 175.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock valued at $29,000 after buying an additional 1,208 shares during the period. Northwest & Ethical Investments L.P. purchased a new position in shares of Triple Flag Precious Metals during the 4th quarter valued at approximately $45,000. Drive Wealth Management LLC acquired a new position in shares of Triple Flag Precious Metals in the 4th quarter valued at $175,000. Virtu Financial LLC boosted its holdings in Triple Flag Precious Metals by 6.0% during the third quarter. Virtu Financial LLC now owns 15,066 shares of the company's stock worth $244,000 after buying an additional 857 shares in the last quarter. Finally, Versor Investments LP increased its holdings in Triple Flag Precious Metals by 19.7% in the fourth quarter. Versor Investments LP now owns 18,204 shares of the company's stock valued at $273,000 after buying an additional 3,000 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TFPM has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. National Bank Financial upgraded shares of Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Raymond James restated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Friday, April 4th. Finally, Jefferies Financial Group boosted their price target on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Triple Flag Precious Metals currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

Triple Flag Precious Metals Stock Up 2.5 %

NYSE TFPM traded up $0.51 during trading on Wednesday, hitting $20.77. The stock had a trading volume of 330,214 shares, compared to its average volume of 286,638. Triple Flag Precious Metals Corp. has a twelve month low of $13.94 and a twelve month high of $22.96. The company has a market capitalization of $4.17 billion, a PE ratio of -188.82, a PEG ratio of 0.78 and a beta of -0.25. The firm has a 50 day moving average price of $19.26 and a 200 day moving average price of $17.40.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The company had revenue of $74.21 million for the quarter, compared to analyst estimates of $74.10 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Monday, March 3rd. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently -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.