Tidal Investments LLC Purchases 1,183,827 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Tidal Investments LLC boosted its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 221.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,717,347 shares of the company's stock after buying an additional 1,183,827 shares during the period. Tidal Investments LLC owned 0.85% of Triple Flag Precious Metals worth $25,829,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of Triple Flag Precious Metals by 175.6% during the fourth 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 in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at about $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at about $134,000. Drive Wealth Management LLC purchased a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at about $175,000. Finally, XTX Topco Ltd grew its position in shares of 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 purchasing an additional 1,238 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Trading Up 2.5%

Shares of NYSE:TFPM traded up $0.52 during trading on Wednesday, reaching $21.33. The company's stock had a trading volume of 316,877 shares, compared to its average volume of 313,271. Triple Flag Precious Metals Corp. has a 12 month low of $13.94 and a 12 month high of $22.96. The firm's 50 day simple moving average is $20.28 and its two-hundred day simple moving average is $17.74. The stock has a market capitalization of $4.28 billion, a PE ratio of -193.94, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27.

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

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, May 30th. Triple Flag Precious Metals's payout ratio is currently 733.33%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. BMO Capital Markets restated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Raymond James restated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Jefferies Financial Group increased their price target on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Finally, National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.