Centiva Capital LP Takes Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Centiva Capital LP acquired a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,770 shares of the company's stock, valued at approximately $327,000.

A number of other hedge funds also recently made changes to their positions in TFPM. Norges Bank acquired a new stake in shares of Triple Flag Precious Metals in the fourth quarter valued at approximately $15,696,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Triple Flag Precious Metals by 377.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock worth $13,652,000 after purchasing an additional 718,408 shares during the period. Amundi bought a new position in shares of Triple Flag Precious Metals during the fourth quarter worth approximately $8,281,000. Hillsdale Investment Management Inc. increased its stake in shares of Triple Flag Precious Metals by 55.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 523,878 shares of the company's stock worth $7,863,000 after purchasing an additional 186,278 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Triple Flag Precious Metals by 35.1% during the fourth quarter. Bank of Montreal Can now owns 497,084 shares of the company's stock worth $7,460,000 after purchasing an additional 129,148 shares during the period. 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 research reports. Scotiabank reiterated a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Jefferies Financial Group increased their target price on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Raymond James restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, April 23rd. Two investment 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

Triple Flag Precious Metals Stock Up 2.7%

NYSE TFPM opened at $22.04 on Monday. 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 cap of $4.43 billion, a price-to-earnings ratio of -200.36, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27. The business's fifty day moving average is $19.97 and its 200 day moving average is $17.61.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $72.14 million. On average, research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, May 30th. Triple Flag Precious Metals's payout ratio is presently 733.33%.

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.

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