Triple Flag Precious Metals Corp. (NYSE:TFPM) Stock Position Increased by Millennium Management LLC

Millennium Management LLC lifted its position in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 104.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 442,678 shares of the company's stock after acquiring an additional 226,330 shares during the quarter. Millennium Management LLC owned 0.22% of Triple Flag Precious Metals worth $6,650,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in shares of Triple Flag Precious Metals by 175.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock worth $29,000 after acquiring an additional 1,208 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Triple Flag Precious Metals in the 4th quarter worth approximately $45,000. Drive Wealth Management LLC acquired a new position in shares of Triple Flag Precious Metals in the 4th quarter worth approximately $175,000. XTX Topco Ltd grew its position 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 acquiring an additional 1,238 shares in the last quarter. Finally, Versor Investments LP grew its position in shares of Triple Flag Precious Metals by 19.7% in the 4th quarter. Versor Investments LP now owns 18,204 shares of the company's stock worth $273,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Triple Flag Precious Metals Price Performance

NYSE:TFPM traded up $0.16 during midday trading on Friday, reaching $21.90. 1,240,915 shares of the company traded hands, compared to its average volume of 318,694. Triple Flag Precious Metals Corp. has a twelve month low of $13.94 and a twelve month high of $22.96. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of -199.09, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27. The company has a fifty day moving average price of $20.67 and a 200 day moving average price of $18.01.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings results 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 positive return on equity of 6.63% and a negative net margin of 8.58%. The company had revenue of $82.25 million during the quarter, compared to analyst estimates of $72.14 million. On average, equities research analysts forecast 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio is presently 733.33%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TFPM. Jefferies Financial Group lifted their target price on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating 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. Finally, BMO Capital Markets restated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $24.50.

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.