Millennium Management LLC Boosts Stock Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Millennium Management LLC lifted its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 104.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 442,678 shares of the company's stock after acquiring an additional 226,330 shares during the period. Millennium Management LLC owned approximately 0.22% of Triple Flag Precious Metals worth $6,650,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Triple Flag Precious Metals during the 4th quarter worth approximately $15,696,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Triple Flag Precious Metals by 377.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock valued at $13,652,000 after purchasing an additional 718,408 shares during the last quarter. Amundi acquired a new stake in shares of Triple Flag Precious Metals in the 4th quarter valued at approximately $8,281,000. Hillsdale Investment Management Inc. raised its holdings in Triple Flag Precious Metals by 55.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 523,878 shares of the company's stock worth $7,863,000 after purchasing an additional 186,278 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Triple Flag Precious Metals by 35.1% in the 4th quarter. Bank of Montreal Can now owns 497,084 shares of the company's stock worth $7,460,000 after purchasing an additional 129,148 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

TFPM has been the subject of several recent analyst reports. Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Jefferies Financial Group increased their price target on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. BMO Capital Markets reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Finally, Raymond James reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Triple Flag Precious Metals has a consensus rating of "Buy" and a consensus price target of $24.50.

Triple Flag Precious Metals Stock Up 0.7%

NYSE:TFPM traded up $0.16 on Friday, hitting $21.90. The stock had a trading volume of 1,240,915 shares, compared to its average volume of 318,694. Triple Flag Precious Metals Corp. has a 52 week low of $13.94 and a 52 week high of $22.96. The business's fifty day moving average is $20.67 and its 200 day moving average is $18.00. The company has a market cap of $4.40 billion, a PE ratio of -199.09, a P/E/G ratio of 0.78 and a beta of -0.27.

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. Equities analysts predict 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.055 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.22 annualized dividend and a yield of 1.00%. Triple Flag Precious Metals's payout ratio is 733.33%.

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.