PDT Partners LLC purchased a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,047 shares of the company's stock, valued at approximately $250,000.
Several other hedge funds also recently bought and sold shares of TFPM. Vident Advisory LLC lifted its stake in Triple Flag Precious Metals by 95.1% in the 1st quarter. Vident Advisory LLC now owns 46,136 shares of the company's stock worth $884,000 after purchasing an additional 22,486 shares in the last quarter. Pale Fire Capital SE bought a new position in shares of Triple Flag Precious Metals in the first quarter worth $278,000. Jump Financial LLC purchased a new stake in shares of Triple Flag Precious Metals in the first quarter worth $435,000. SVB Wealth LLC bought a new stake in Triple Flag Precious Metals during the first quarter valued at $34,000. Finally, 1832 Asset Management L.P. grew its position in Triple Flag Precious Metals by 4.4% during the first quarter. 1832 Asset Management L.P. now owns 58,207 shares of the company's stock worth $1,115,000 after buying an additional 2,469 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.
Triple Flag Precious Metals Price Performance
Shares of TFPM opened at $28.25 on Friday. Triple Flag Precious Metals Corp. has a 1 year low of $14.51 and a 1 year high of $28.49. The stock has a 50 day simple moving average of $24.92 and a two-hundred day simple moving average of $22.15. The firm has a market cap of $5.83 billion, a P/E ratio of 32.84, a P/E/G ratio of 1.19 and a beta of -0.19.
Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly earnings results 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 net margin of 53.11% and a return on equity of 8.81%. The firm had revenue of $94.09 million for the quarter, compared to the consensus estimate of $82.76 million. On average, equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.
Triple Flag Precious Metals Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.0575 per share. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Triple Flag Precious Metals's previous quarterly dividend of $0.06. This represents a $0.23 annualized dividend and a yield of 0.8%. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently 26.74%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on TFPM. 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 research note on Tuesday, June 24th. CIBC reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. Wall Street Zen lowered shares of Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a report on Friday. Finally, Royal Bank Of Canada raised their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Triple Flag Precious Metals currently has an average rating of "Moderate Buy" and a consensus price target of $24.00.
Read Our Latest Research Report on Triple Flag Precious Metals
About Triple Flag Precious Metals
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding TFPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report).
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