Cubist Systematic Strategies LLC Grows Stake in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Cubist Systematic Strategies LLC raised its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 270.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,298 shares of the company's stock after acquiring an additional 27,227 shares during the period. Cubist Systematic Strategies LLC's holdings in Triple Flag Precious Metals were worth $560,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in shares of Triple Flag Precious Metals by 175.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock worth $29,000 after acquiring an additional 1,208 shares during the last quarter. XTX Topco Ltd boosted its position in shares of Triple Flag Precious Metals by 9.1% during the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock valued at $223,000 after buying an additional 1,238 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Triple Flag Precious Metals by 8.4% during the fourth quarter. HighTower Advisors LLC now owns 31,432 shares of the company's stock valued at $473,000 after buying an additional 2,447 shares during the last quarter. Versor Investments LP boosted its position 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 valued at $273,000 after buying an additional 3,000 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of Triple Flag Precious Metals during the fourth quarter valued at $45,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Triple Flag Precious Metals Stock Performance

Shares of NYSE:TFPM opened at $19.92 on Friday. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of -181.09, a PEG ratio of 0.78 and a beta of -0.27. The stock's 50-day simple moving average is $20.16 and its two-hundred day simple moving average is $17.67. Triple Flag Precious Metals Corp. has a 52-week low of $13.94 and a 52-week high of $22.96.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $82.25 million for the quarter, compared to analysts' expectations 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, equities analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.055 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.22 annualized dividend and a yield of 1.10%. Triple Flag Precious Metals's payout ratio is 733.33%.

Triple Flag Precious Metals 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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