Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE increased its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 43.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 381,554 shares of the company's stock after buying an additional 115,103 shares during the period. Bank of America Corp DE owned about 0.19% of Triple Flag Precious Metals worth $5,739,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake 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 worth $29,000 after buying an additional 1,208 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in Triple Flag Precious Metals in the fourth quarter worth $45,000. Drive Wealth Management LLC purchased a new position in Triple Flag Precious Metals in the fourth quarter worth $175,000. XTX Topco Ltd grew its holdings in Triple Flag Precious Metals by 9.1% in the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Versor Investments LP grew its holdings in Triple Flag Precious Metals by 19.7% in the fourth quarter. Versor Investments LP now owns 18,204 shares of the company's stock worth $273,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TFPM. Raymond James reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. BMO Capital Markets reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Finally, Jefferies Financial Group boosted their price objective 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. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Triple Flag Precious Metals presently has an average rating of "Buy" and a consensus target price of $24.50.

Triple Flag Precious Metals Price Performance

NYSE:TFPM traded up $0.16 during mid-day trading on Friday, hitting $21.90. The company's 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 1 year low of $13.94 and a 1 year high of $22.96. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of -199.09, a PEG ratio of 0.78 and a beta of -0.27. The business's fifty day moving average is $20.67 and its two-hundred day moving average is $18.01.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 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 company had revenue of $82.25 million for the quarter, compared to analyst estimates of $72.14 million. 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 given a $0.055 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.00%. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently 733.33%.

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.