Toronto Dominion Bank Raises Stock Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Toronto Dominion Bank boosted its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 339.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,977 shares of the company's stock after purchasing an additional 50,977 shares during the period. Toronto Dominion Bank's holdings in Triple Flag Precious Metals were worth $991,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TFPM. Point72 Asia Singapore Pte. Ltd. bought a new stake in Triple Flag Precious Metals in the 4th quarter valued at $134,000. Redwood Investment Management LLC acquired a new stake in Triple Flag Precious Metals in the 4th quarter valued at about $470,000. Point72 Asset Management L.P. boosted its stake in shares of Triple Flag Precious Metals by 717.3% in the 4th quarter. Point72 Asset Management L.P. now owns 56,321 shares of the company's stock valued at $847,000 after purchasing an additional 49,430 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Triple Flag Precious Metals by 104.6% in the 4th quarter. Millennium Management LLC now owns 442,678 shares of the company's stock valued at $6,650,000 after purchasing an additional 226,330 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Triple Flag Precious Metals by 3.5% during the 4th quarter. Deutsche Bank AG now owns 131,371 shares of the company's stock worth $1,976,000 after acquiring an additional 4,496 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Trading Down 0.2%

NYSE:TFPM traded down $0.04 on Thursday, reaching $21.78. 80,625 shares of the stock traded hands, compared to its average volume of 315,204. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of -198.27, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27. Triple Flag Precious Metals Corp. has a 1-year low of $13.94 and a 1-year high of $22.96. The company's 50 day moving average is $20.57 and its 200-day moving average is $17.91.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. The business had revenue of $82.25 million during the quarter, compared to the consensus estimate of $72.14 million. On average, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, May 30th. Triple Flag Precious Metals's payout ratio is 733.33%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TFPM. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. National Bank Financial upgraded shares of Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. BMO Capital Markets reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, April 23rd. Jefferies Financial Group increased their target price 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. Finally, Raymond James reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.67.

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.