Jump Financial LLC Invests $435,000 in Triple Flag Precious Metals Corp. $TFPM

Key Points

• Jump Financial LLC has acquired a new stake in Triple Flag Precious Metals Corp., purchasing 22,719 shares valued at approximately $435,000 in Q1.
• Triple Flag has increased its quarterly dividend to $0.0575, representing an annualized yield of 0.8% and a payout ratio of 25.58%.
• The company's latest earnings report revealed an EPS of $0.24, exceeding analyst estimates, with a revenue of $94.09 million for the quarter.

Jump Financial LLC purchased a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 22,719 shares of the company's stock, valued at approximately $435,000.

Several other large investors also recently modified their holdings of the stock. SVB Wealth LLC purchased a new stake in shares of Triple Flag Precious Metals during the 1st quarter worth approximately $34,000. 1832 Asset Management L.P. increased its stake in shares of Triple Flag Precious Metals by 4.4% during the 1st quarter. 1832 Asset Management L.P. now owns 58,207 shares of the company's stock worth $1,115,000 after purchasing an additional 2,469 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of Triple Flag Precious Metals by 1,258.9% during the 1st quarter. Quantbot Technologies LP now owns 9,390 shares of the company's stock worth $180,000 after purchasing an additional 8,699 shares during the last quarter. Versor Investments LP increased its stake in shares of Triple Flag Precious Metals by 30.8% during the 1st quarter. Versor Investments LP now owns 23,804 shares of the company's stock worth $455,000 after purchasing an additional 5,600 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Triple Flag Precious Metals by 0.8% during the 1st quarter. American Century Companies Inc. now owns 241,071 shares of the company's stock worth $4,612,000 after purchasing an additional 1,876 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TFPM shares. Wall Street Zen lowered shares of Triple Flag Precious Metals from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. BMO Capital Markets lowered Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. Raymond James Financial reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a report on Friday, August 8th. TD Securities reaffirmed a "buy" rating on shares of Triple Flag Precious Metals in a report on Tuesday, June 24th. Finally, Royal Bank Of Canada raised 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. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.

Triple Flag Precious Metals Trading Down 1.2%

Shares of TFPM traded down $0.33 during mid-day trading on Thursday, reaching $26.95. 485,545 shares of the stock traded hands, compared to its average volume of 430,560. The firm has a fifty day moving average price of $24.75 and a 200 day moving average price of $22.01. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 1.21 and a beta of -0.19. Triple Flag Precious Metals Corp. has a 1 year low of $14.51 and a 1 year high of $28.24.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. The firm had revenue of $94.09 million during the quarter, compared to analyst estimates of $82.76 million. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. On average, sell-side analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.0575 per share. This is an increase from Triple Flag Precious Metals's previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, September 2nd. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.9%. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently 25.58%.

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.