Toronto Dominion Bank Grows Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Toronto Dominion Bank increased its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 339.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,977 shares of the company's stock after purchasing an additional 50,977 shares during the quarter. 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 hedge funds have also recently added to or reduced their stakes in TFPM. Farther Finance Advisors LLC boosted its holdings in Triple Flag Precious Metals by 175.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock valued at $29,000 after acquiring an additional 1,208 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new stake in shares of Triple Flag Precious Metals during the fourth quarter worth about $45,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Triple Flag Precious Metals in the 4th quarter valued at about $134,000. Drive Wealth Management LLC purchased a new stake in shares of Triple Flag Precious Metals in the fourth quarter valued at about $175,000. Finally, XTX Topco Ltd boosted its holdings in shares of Triple Flag Precious Metals by 9.1% in the 4th quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after buying an additional 1,238 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Performance

NYSE TFPM traded down $0.22 on Tuesday, reaching $21.56. 458,072 shares of the stock traded hands, compared to its average volume of 316,087. Triple Flag Precious Metals Corp. has a 12 month low of $13.94 and a 12 month high of $22.96. The company has a fifty day moving average price of $20.47 and a 200-day moving average price of $17.86. The company has a market cap of $4.33 billion, a price-to-earnings ratio of -196.00, a PEG ratio of 0.78 and a beta of -0.27.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The business had revenue of $82.25 million for the quarter, compared to analysts' expectations 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%. As a group, research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a $0.055 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 1.02%. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently 733.33%.

Analyst Ratings Changes

A number of analysts have issued reports on TFPM shares. BMO Capital Markets reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Raymond James reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, May 7th. Jefferies Financial Group raised 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. Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Finally, National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. Two equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.