Dimensional Fund Advisors LP Boosts Stake in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Dimensional Fund Advisors LP increased its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 421,461 shares of the company's stock after buying an additional 21,012 shares during the quarter. Dimensional Fund Advisors LP owned 0.21% of Triple Flag Precious Metals worth $6,339,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of Triple Flag Precious Metals by 175.6% during the 4th 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 last quarter. XTX Topco Ltd increased its position in shares of 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 acquiring an additional 1,238 shares during the period. HighTower Advisors LLC boosted its stake in Triple Flag Precious Metals by 8.4% during the fourth quarter. HighTower Advisors LLC now owns 31,432 shares of the company's stock worth $473,000 after acquiring an additional 2,447 shares in the last quarter. Versor Investments LP lifted its stake in shares of Triple Flag Precious Metals by 19.7% in the fourth quarter. Versor Investments LP now owns 18,204 shares of the company's stock worth $273,000 after buying an additional 3,000 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new stake in Triple Flag Precious Metals during the fourth quarter valued at approximately $45,000. Institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Trading Down 0.7%

Triple Flag Precious Metals stock traded down $0.14 during mid-day trading on Tuesday, hitting $19.95. The stock had a trading volume of 473,006 shares, compared to its average volume of 297,669. Triple Flag Precious Metals Corp. has a 12 month low of $13.94 and a 12 month high of $22.96. The stock has a 50-day simple moving average of $20.07 and a two-hundred day simple moving average of $17.64. The stock has a market capitalization of $4.01 billion, a PE ratio of -181.36, a P/E/G ratio of 0.78 and a beta of -0.27.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) 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 business had revenue of $82.25 million during the quarter, compared to the consensus estimate of $72.14 million. Sell-side analysts expect 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid 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 is currently 733.33%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TFPM shares. BMO Capital Markets restated an "outperform" rating on shares of Triple Flag Precious Metals in a 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 stock a "buy" rating in a report on Tuesday, April 22nd. Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. National Bank Financial upgraded shares of Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Raymond James restated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th. Two 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 stock. According to MarketBeat, Triple Flag Precious Metals has an average rating of "Moderate Buy" and a consensus target price 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.