Genus Capital Management Inc. Makes New Investment in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Genus Capital Management Inc. bought a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 37,700 shares of the company's stock, valued at approximately $721,000.

Other hedge funds have also recently modified their holdings of the company. 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 valued at $29,000 after purchasing an additional 1,208 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in Triple Flag Precious Metals during the fourth quarter valued at $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Triple Flag Precious Metals during the fourth quarter valued at $134,000. XTX Topco Ltd raised its stake in 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 purchasing an additional 1,238 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Triple Flag Precious Metals during the fourth quarter valued at $255,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Trading Up 1.2%

Shares of NYSE TFPM traded up $0.29 during mid-day trading on Friday, reaching $23.57. The company had a trading volume of 543,725 shares, compared to its average volume of 343,242. The business's 50-day moving average is $22.90 and its 200-day moving average is $19.59. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 785.67, a price-to-earnings-growth ratio of 1.07 and a beta of -0.20. Triple Flag Precious Metals Corp. has a 52 week low of $13.94 and a 52 week high of $25.45.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued 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. Triple Flag Precious Metals had a net margin of 1.71% and a return on equity of 7.69%. The company had revenue of $82.25 million for the quarter, compared to analysts' expectations of $72.14 million. As a group, equities research analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, May 30th. Triple Flag Precious Metals's payout ratio is 733.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TFPM shares. Raymond James Financial reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Thursday. Royal Bank Of Canada increased their target price on shares of 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. TD Securities reissued a "buy" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, June 24th. BMO Capital Markets downgraded shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 25th. Finally, National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Triple Flag Precious Metals presently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

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.