Nuveen LLC Takes $1.05 Million Position in Triple Flag Precious Metals Corp. $TFPM

Nuveen LLC purchased a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 54,704 shares of the company's stock, valued at approximately $1,046,000.

A number of other hedge funds have also recently bought and sold shares of the company. Principal Street Partners LLC boosted its position in Triple Flag Precious Metals by 4.2% in the 4th quarter. Principal Street Partners LLC now owns 24,755 shares of the company's stock valued at $372,000 after buying an additional 1,001 shares during the last quarter. Mackenzie Financial Corp boosted its position in Triple Flag Precious Metals by 3.5% in the 4th quarter. Mackenzie Financial Corp now owns 32,577 shares of the company's stock valued at $489,000 after buying an additional 1,101 shares during the last quarter. Goehring & Rozencwajg Associates LLC boosted its position in Triple Flag Precious Metals by 2.2% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 101,856 shares of the company's stock valued at $1,957,000 after buying an additional 2,200 shares during the last quarter. Deutsche Bank AG boosted its position in Triple Flag Precious Metals by 3.5% in the 4th quarter. Deutsche Bank AG now owns 131,371 shares of the company's stock valued at $1,976,000 after buying an additional 4,496 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Triple Flag Precious Metals in the 4th quarter valued at $134,000. 82.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TFPM. 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 Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 25th. CIBC reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, July 15th. Raymond James Financial reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded Triple Flag Precious Metals from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.00.

Triple Flag Precious Metals Stock Down 1.2%

Triple Flag Precious Metals stock traded down $0.33 during mid-day trading on Thursday, hitting $26.95. 485,545 shares of the company's stock were exchanged, compared to its average volume of 430,560. The firm has a market capitalization of $5.57 billion, a P/E ratio of 31.34, a PEG ratio of 1.21 and a beta of -0.19. Triple Flag Precious Metals Corp. has a fifty-two week low of $14.51 and a fifty-two week high of $28.24. The company's 50 day simple moving average is $24.75 and its 200-day simple moving average is $22.01.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. Triple Flag Precious Metals had a return on equity of 8.81% and a net margin of 53.11%.The business had revenue of $94.09 million for the quarter, compared to the consensus estimate of $82.76 million. Research analysts expect 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. Shareholders of record on Tuesday, September 2nd will be paid a $0.0575 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.23 annualized dividend and a dividend yield of 0.9%. This is a positive change from Triple Flag Precious Metals's previous quarterly dividend of $0.06. Triple Flag Precious Metals's dividend payout ratio (DPR) is 25.58%.

Triple Flag Precious Metals 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.