58,300 Shares in Triple Flag Precious Metals Corp. (NYSE:TFPM) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 58,300 shares of the company's stock, valued at approximately $1,124,000.

Several other institutional investors have also added to or reduced their stakes in the business. Tidal Investments LLC grew its position in shares of Triple Flag Precious Metals by 221.9% in the fourth quarter. Tidal Investments LLC now owns 1,717,347 shares of the company's stock valued at $25,829,000 after purchasing an additional 1,183,827 shares in the last quarter. Norges Bank bought a new position in Triple Flag Precious Metals in the 4th quarter worth about $15,696,000. Arrowstreet Capital Limited Partnership grew its holdings in Triple Flag Precious Metals by 377.2% during 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 in the last quarter. Millennium Management LLC increased its position in shares of Triple Flag Precious Metals by 104.6% during the fourth quarter. Millennium Management LLC now owns 442,678 shares of the company's stock valued at $6,650,000 after buying an additional 226,330 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of Triple Flag Precious Metals by 56.6% in the fourth quarter. Two Sigma Advisers LP now owns 436,100 shares of the company's stock worth $6,559,000 after buying an additional 157,700 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Trading Up 0.3%

Shares of TFPM stock traded up $0.06 during trading hours on Friday, hitting $23.67. 218,235 shares of the company's stock were exchanged, compared to its average volume of 401,155. The company has a market capitalization of $4.89 billion, a PE ratio of 788.50, a PEG ratio of 1.08 and a beta of -0.20. Triple Flag Precious Metals Corp. has a 12-month low of $13.94 and a 12-month high of $25.45. The business's 50 day simple moving average is $23.37 and its 200-day simple moving average is $20.12.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $82.25 million for the quarter, compared to analyst estimates of $72.14 million. Triple Flag Precious Metals had a net margin of 1.71% and a return on equity of 7.69%. Equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued a $0.055 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 0.93%. Triple Flag Precious Metals's dividend payout ratio is currently 733.33%.

Analyst Upgrades and Downgrades

TFPM has been the topic of a number of analyst reports. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. BMO Capital Markets lowered shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Raymond James Financial reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Thursday, July 10th. TD Securities reaffirmed a "buy" rating on shares of Triple Flag Precious Metals in a report on Tuesday, June 24th. Finally, Jefferies Financial Group increased their target price on Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Triple Flag Precious Metals currently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

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.