Bank of America Corp DE Boosts Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Bank of America Corp DE increased its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 43.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,554 shares of the company's stock after purchasing an additional 115,103 shares during the quarter. Bank of America Corp DE owned 0.19% of Triple Flag Precious Metals worth $5,739,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in shares of Triple Flag Precious Metals in the 4th quarter valued at $358,000. Parvin Asset Management LLC acquired a new position in shares of Triple Flag Precious Metals during the fourth quarter worth $570,000. Dimensional Fund Advisors LP increased its holdings in Triple Flag Precious Metals by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 421,461 shares of the company's stock valued at $6,339,000 after buying an additional 21,012 shares during the last quarter. Marshall Wace LLP acquired a new stake in Triple Flag Precious Metals in the fourth quarter valued at $430,000. Finally, XTX Topco Ltd raised its stake 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 valued at $223,000 after buying an additional 1,238 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Up 0.7%

TFPM traded up $0.16 during trading on Friday, hitting $21.90. 1,240,915 shares of the stock were exchanged, compared to its average volume of 319,189. The firm has a market capitalization of $4.40 billion, a P/E ratio of -199.09, a PEG 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 stock has a fifty day moving average price of $20.62 and a two-hundred day moving average price of $17.95.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $82.25 million during the quarter, compared to analysts' expectations of $72.14 million. Analysts predict that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio is currently 733.33%.

Analyst Upgrades and Downgrades

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

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.