Alps Advisors Inc. Makes New $779,000 Investment in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Alps Advisors Inc. purchased a new stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 40,698 shares of the company's stock, valued at approximately $779,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TFPM. Barclays PLC increased its stake in shares of Triple Flag Precious Metals by 65.4% during the fourth quarter. Barclays PLC now owns 235,658 shares of the company's stock valued at $3,544,000 after buying an additional 93,214 shares during the period. Bank of America Corp DE boosted its position in Triple Flag Precious Metals by 43.2% during the fourth quarter. Bank of America Corp DE now owns 381,554 shares of the company's stock valued at $5,739,000 after purchasing an additional 115,103 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Triple Flag Precious Metals during the fourth quarter valued at about $464,000. Public Employees Retirement System of Ohio bought a new stake in Triple Flag Precious Metals during the fourth quarter valued at about $255,000. Finally, Renaissance Technologies LLC boosted its position in Triple Flag Precious Metals by 9.0% during the fourth quarter. Renaissance Technologies LLC now owns 98,900 shares of the company's stock valued at $1,487,000 after purchasing an additional 8,200 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group raised their price objective on 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. National Bank Financial raised Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. CIBC reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Tuesday. Royal Bank Of Canada lifted 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, June 4th. Finally, TD Securities reiterated a "buy" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.00.

Triple Flag Precious Metals Stock Up 1.1%

Shares of Triple Flag Precious Metals stock traded up $0.25 on Friday, reaching $23.32. The company's stock had a trading volume of 195,543 shares, compared to its average volume of 344,501. The company has a market capitalization of $4.81 billion, a P/E ratio of 776.67, a PEG ratio of 1.05 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. The stock has a 50-day moving average price of $23.03 and a 200-day moving average price of $19.82.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The firm had revenue of $82.25 million for the quarter, compared to analyst estimates of $72.14 million. Triple Flag Precious Metals had a return on equity of 7.69% and a net margin of 1.71%. Sell-side analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio is presently 733.33%.

About Triple Flag Precious Metals

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.