Genus Capital Management Inc. Takes $721,000 Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

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

Several other institutional investors and hedge funds have also modified their holdings of the business. Tidal Investments LLC increased its position in Triple Flag Precious Metals by 221.9% during the fourth quarter. Tidal Investments LLC now owns 1,717,347 shares of the company's stock worth $25,829,000 after buying an additional 1,183,827 shares during the last quarter. Norges Bank acquired a new stake in Triple Flag Precious Metals during the fourth quarter worth approximately $15,696,000. Arrowstreet Capital Limited Partnership grew its position in Triple Flag Precious Metals by 377.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock worth $13,652,000 after buying an additional 718,408 shares in the last quarter. Amundi acquired a new stake in Triple Flag Precious Metals during the fourth quarter worth approximately $8,281,000. Finally, Millennium Management LLC lifted its stake in Triple Flag Precious Metals by 104.6% during the fourth quarter. Millennium Management LLC now owns 442,678 shares of the company's stock worth $6,650,000 after purchasing an additional 226,330 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Stock Performance

Shares of Triple Flag Precious Metals stock traded down $0.08 on Tuesday, hitting $23.57. 566,682 shares of the company's stock were exchanged, compared to its average volume of 404,366. The company has a 50-day simple moving average of $22.94 and a 200-day simple moving average of $19.72. The stock has a market capitalization of $4.73 billion, a PE ratio of 785.50, a PEG ratio of 1.08 and a beta of -0.20. Triple Flag Precious Metals Corp. has a 1 year low of $13.94 and a 1 year high of $25.45.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $72.14 million. On average, analysts expect that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Royal Bank Of Canada increased their price target on Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. TD Securities reissued a "buy" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Finally, BMO Capital Markets cut Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 25th. Three 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 currently has an average rating of "Moderate Buy" and an average target price 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.