BNP Paribas Financial Markets Purchases New Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

BNP Paribas Financial Markets purchased a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,785 shares of the company's stock, valued at approximately $358,000.

Several other hedge funds also recently modified their holdings of TFPM. Norges Bank acquired a new position in Triple Flag Precious Metals in the 4th quarter valued at $15,696,000. Arrowstreet Capital Limited Partnership grew its stake in Triple Flag Precious Metals by 377.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock valued at $13,652,000 after buying an additional 718,408 shares during the last quarter. Amundi acquired a new position in Triple Flag Precious Metals in the 4th quarter valued at $8,281,000. Hillsdale Investment Management Inc. grew its stake in Triple Flag Precious Metals by 55.2% in the 4th quarter. Hillsdale Investment Management Inc. now owns 523,878 shares of the company's stock valued at $7,863,000 after buying an additional 186,278 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in Triple Flag Precious Metals by 35.1% in the 4th quarter. Bank of Montreal Can now owns 497,084 shares of the company's stock valued at $7,460,000 after buying an additional 129,148 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TFPM shares. Scotiabank reiterated a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Jefferies Financial Group increased 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 report on Tuesday, April 22nd. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Raymond James reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $24.50.

Triple Flag Precious Metals Stock Up 0.7%

Triple Flag Precious Metals stock traded up $0.16 during mid-day trading on Friday, reaching $21.90. The company had a trading volume of 1,240,915 shares, compared to its average volume of 318,694. Triple Flag Precious Metals Corp. has a 52 week low of $13.94 and a 52 week high of $22.96. The company has a 50 day moving average of $20.67 and a 200-day moving average of $18.00. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of -199.09, a PEG ratio of 0.78 and a beta of -0.27.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The company had revenue of $82.25 million during the quarter, compared to the consensus estimate 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%. On average, analysts predict 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, May 30th. Triple Flag Precious Metals's payout ratio is 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.