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

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

A number of other hedge funds have also added to or reduced their stakes in TFPM. Farther Finance Advisors LLC lifted its holdings 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 valued at $29,000 after purchasing an additional 1,208 shares in the last quarter. Northwest & Ethical Investments L.P. bought a new position in Triple Flag Precious Metals during the 4th quarter valued at $45,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Triple Flag Precious Metals during the 4th quarter valued at $134,000. XTX Topco Ltd boosted its holdings in Triple Flag Precious Metals by 9.1% during the 4th quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after acquiring an additional 1,238 shares during the last quarter. Finally, Versor Investments LP grew its stake in shares of Triple Flag Precious Metals by 19.7% in the 4th quarter. Versor Investments LP now owns 18,204 shares of the company's stock worth $273,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TFPM. Jefferies Financial Group raised their price target on shares of 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. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. Royal Bank of Canada increased 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 report on Wednesday. Finally, Raymond James reissued 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, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $24.00.

Triple Flag Precious Metals Stock Up 1.2%

Triple Flag Precious Metals stock opened at $24.74 on Friday. The firm has a 50 day moving average price of $21.04 and a 200-day moving average price of $18.20. Triple Flag Precious Metals Corp. has a twelve month low of $13.94 and a twelve month high of $25.36. The company has a market capitalization of $4.97 billion, a P/E ratio of -224.95, a P/E/G ratio of 0.78 and a beta of -0.24.

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, 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 for the quarter, compared to the consensus estimate of $72.14 million. Equities analysts expect that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 0.89%. Triple Flag Precious Metals's payout ratio is 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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