Public Employees Retirement System of Ohio Acquires Shares of 16,948 Triple Flag Precious Metals Corp. (NYSE:TFPM)

Public Employees Retirement System of Ohio bought a new stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,948 shares of the company's stock, valued at approximately $255,000.

Several other institutional investors have also recently made changes to their positions in TFPM. Barclays PLC boosted its stake in Triple Flag Precious Metals by 21.5% during the third quarter. Barclays PLC now owns 142,444 shares of the company's stock valued at $2,304,000 after buying an additional 25,220 shares during the period. Meixler Investment Management Ltd. boosted its holdings in Triple Flag Precious Metals by 19.9% during the 4th quarter. Meixler Investment Management Ltd. now owns 28,612 shares of the company's stock valued at $430,000 after acquiring an additional 4,750 shares during the period. Versor Investments LP grew its holdings 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 purchasing an additional 3,000 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Triple Flag Precious Metals in the fourth quarter valued at about $464,000. Finally, Amundi bought a new position in Triple Flag Precious Metals during the 4th quarter valued at approximately $8,281,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Performance

Shares of Triple Flag Precious Metals stock traded up $0.31 on Monday, hitting $24.24. 472,620 shares of the company traded hands, compared to its average volume of 324,701. The stock has a market capitalization of $4.87 billion, a P/E ratio of -220.36, a price-to-earnings-growth ratio of 0.78 and a beta of -0.24. The business has a 50-day simple moving average of $21.14 and a 200 day simple moving average of $18.28. Triple Flag Precious Metals Corp. has a 52 week low of $13.94 and a 52 week high of $25.36.

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

Triple Flag Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, May 30th. Triple Flag Precious Metals's payout ratio is 733.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. BMO Capital Markets restated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. Raymond James reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, May 7th. Royal Bank of Canada boosted their price target on Triple Flag Precious Metals from $19.00 to $23.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Finally, National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Triple Flag Precious Metals presently has an average rating of "Moderate Buy" and a consensus price target of $24.00.

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.