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

A number of other hedge funds have also modified their holdings of the stock. Principal Street Partners LLC increased its position in Triple Flag Precious Metals by 4.2% during the fourth quarter. Principal Street Partners LLC now owns 24,755 shares of the company's stock worth $372,000 after buying an additional 1,001 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Triple Flag Precious Metals by 3.5% in the fourth quarter. Mackenzie Financial Corp now owns 32,577 shares of the company's stock valued at $489,000 after purchasing an additional 1,101 shares during the last quarter. XTX Topco Ltd grew its position 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 purchasing an additional 1,238 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its stake in shares of Triple Flag Precious Metals by 2.2% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 101,856 shares of the company's stock valued at $1,957,000 after buying an additional 2,200 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Triple Flag Precious Metals by 8.4% in the fourth quarter. HighTower Advisors LLC now owns 31,432 shares of the company's stock valued at $473,000 after buying an additional 2,447 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Triple Flag Precious Metals Trading Down 1.0%

TFPM opened at $23.61 on Friday. The stock has a market capitalization of $4.87 billion, a P/E ratio of 786.83, a P/E/G 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 firm's fifty 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 issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $82.25 million for the quarter, compared to analysts' expectations of $72.14 million. On average, equities research analysts predict that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given 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 (DPR) is presently 733.33%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TFPM shares. Wall Street Zen upgraded shares of Triple Flag Precious Metals from a "buy" rating to a "strong-buy" rating in a research note on Friday, July 18th. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Jefferies Financial Group raised their price objective on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. BMO Capital Markets lowered shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. 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 stock a "sector perform" rating in a report on Wednesday, June 4th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.

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.

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