Prospect Financial Group LLC Buys New Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Key Points

• Prospect Financial Group LLC has invested approximately $217,000 in Triple Flag Precious Metals Corp., purchasing 11,351 shares during the first quarter.
• Triple Flag Precious Metals recently reported an EPS of $0.20, surpassing the consensus estimate of $0.19, with revenues reaching $82.25 million for the quarter.
• The company declared a quarterly dividend of $0.055 per share, yielding 0.93%, with a high dividend payout ratio of 733.33%.

Prospect Financial Group LLC bought a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,351 shares of the company's stock, valued at approximately $217,000.

A number of other large investors have also recently added to or reduced their stakes in TFPM. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at $134,000. Pinnacle Associates Ltd. acquired a new stake in shares of Triple Flag Precious Metals in the first quarter valued at $239,000. XTX Topco Ltd increased its stake in shares of Triple Flag Precious Metals by 9.1% in the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock valued at $223,000 after buying an additional 1,238 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Triple Flag Precious Metals in the fourth quarter valued at $255,000. Finally, Centiva Capital LP acquired a new stake in shares of Triple Flag Precious Metals in the fourth quarter valued at $327,000. Institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Up 0.4%

Triple Flag Precious Metals stock traded up $0.09 during trading hours on Tuesday, hitting $23.45. The stock had a trading volume of 73,990 shares, compared to its average volume of 398,770. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 781.33, a P/E/G ratio of 1.07 and a beta of -0.20. Triple Flag Precious Metals Corp. has a one year low of $13.94 and a one year high of $25.45. The business's 50 day simple moving average is $23.50 and its 200-day simple moving average is $20.30.

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

Triple Flag Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a $0.055 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a yield of 0.94%. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently 733.33%.

Analysts Set New Price Targets

A number of analysts recently commented on TFPM shares. TD Securities reiterated a "buy" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. BMO Capital Markets cut Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Raymond James Financial reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Thursday, July 10th. Finally, CIBC reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.

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.