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

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in shares of Triple Flag Precious Metals by 175.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock valued at $29,000 after purchasing an additional 1,208 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Triple Flag Precious Metals during the fourth quarter worth $134,000. XTX Topco Ltd grew its holdings 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 worth $223,000 after acquiring an additional 1,238 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Triple Flag Precious Metals during the fourth quarter worth $255,000. Finally, Centiva Capital LP acquired a new stake in Triple Flag Precious Metals in the fourth quarter valued at $327,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

TFPM has been the topic of a number of recent research reports. CIBC reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, July 15th. Royal Bank Of Canada raised their target price on Triple Flag Precious Metals from $19.00 to $23.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. 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. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen raised Triple Flag Precious Metals from a "buy" rating to a "strong-buy" rating in a research report on Friday, July 18th. Three investment analysts have rated the stock with a hold rating, four have issued 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 an average price target of $24.00.

Triple Flag Precious Metals Trading Down 1.0%

TFPM traded down $0.24 during trading on Thursday, reaching $23.61. 337,237 shares of the company were exchanged, compared to its average volume of 402,175. The stock has a market cap of $4.87 billion, a P/E ratio of 786.83, a PEG ratio of 1.10 and a beta of -0.20. The firm has a 50 day moving average of $23.29 and a 200 day moving average of $20.06. Triple Flag Precious Metals Corp. has a 52 week low of $13.94 and a 52 week high of $25.45.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. Triple Flag Precious Metals had a net margin of 1.71% and a return on equity of 7.69%. The business had revenue of $82.25 million for the quarter, compared to analyst estimates of $72.14 million. As a group, analysts forecast 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 company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.22 annualized dividend and a yield of 0.93%. Triple Flag Precious Metals's dividend payout ratio is currently 733.33%.

Triple Flag Precious Metals Company 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.