Point72 Asset Management L.P. Boosts Stake in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Point72 Asset Management L.P. lifted its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 717.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,321 shares of the company's stock after purchasing an additional 49,430 shares during the quarter. Point72 Asset Management L.P.'s holdings in Triple Flag Precious Metals were worth $847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Farther Finance Advisors LLC raised its stake in shares of Triple Flag Precious Metals by 175.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock worth $29,000 after purchasing an additional 1,208 shares during the last quarter. XTX Topco Ltd increased its position in Triple Flag Precious Metals by 9.1% during the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock valued at $223,000 after acquiring an additional 1,238 shares during the last quarter. HighTower Advisors LLC increased its position in Triple Flag Precious Metals by 8.4% during the fourth quarter. HighTower Advisors LLC now owns 31,432 shares of the company's stock valued at $473,000 after acquiring an additional 2,447 shares during the last quarter. Versor Investments LP increased its position in Triple Flag Precious Metals by 19.7% during the fourth quarter. Versor Investments LP now owns 18,204 shares of the company's stock valued at $273,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new stake in Triple Flag Precious Metals during the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Down 0.8%

Shares of TFPM opened at $21.14 on Friday. The business has a 50-day simple moving average of $20.37 and a two-hundred day simple moving average of $17.79. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of -192.19, a PEG ratio of 0.78 and a beta of -0.27. Triple Flag Precious Metals Corp. has a 52 week low of $13.94 and a 52 week high of $22.96.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The business had revenue of $82.25 million during the quarter, compared to analysts' expectations of $72.14 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. On average, equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Friday, May 30th. Triple Flag Precious Metals's payout ratio is 733.33%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. Scotiabank reiterated a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Jefferies Financial Group upped 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. Raymond James reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Triple Flag Precious Metals has an average rating of "Moderate Buy" and a consensus target price of $22.00.

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.

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