Cubist Systematic Strategies LLC Purchases 27,227 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Cubist Systematic Strategies LLC raised its position in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 270.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 37,298 shares of the company's stock after buying an additional 27,227 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Triple Flag Precious Metals were worth $560,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in TFPM. Farther Finance Advisors LLC raised its stake in Triple Flag Precious Metals by 175.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock worth $29,000 after purchasing an additional 1,208 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in shares of Triple Flag Precious Metals during the 4th quarter valued at $45,000. Drive Wealth Management LLC acquired a new stake in Triple Flag Precious Metals in the 4th quarter valued at $175,000. XTX Topco Ltd raised its position in Triple Flag Precious Metals by 9.1% in the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock valued at $223,000 after purchasing an additional 1,238 shares during the period. Finally, Versor Investments LP lifted its stake in shares of Triple Flag Precious Metals by 19.7% during the fourth quarter. Versor Investments LP now owns 18,204 shares of the company's stock worth $273,000 after purchasing an additional 3,000 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Performance

Shares of NYSE TFPM traded up $0.29 during trading hours on Wednesday, hitting $21.10. The stock had a trading volume of 74,805 shares, compared to its average volume of 312,073. The company has a market capitalization of $4.24 billion, a P/E ratio of -192.29, a P/E/G ratio of 0.78 and a beta of -0.27. Triple Flag Precious Metals Corp. has a 52 week low of $13.94 and a 52 week high of $22.96. The firm's 50-day moving average price is $20.28 and its two-hundred day moving average price is $17.74.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The business had revenue of $82.25 million for the quarter, compared to analyst estimates of $72.14 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. As a group, analysts expect that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, May 30th. Triple Flag Precious Metals's payout ratio is 733.33%.

Analysts Set New Price Targets

Several equities analysts recently 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. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group upped their target price on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Raymond James reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. Finally, Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.