Toronto Dominion Bank Boosts Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Toronto Dominion Bank grew its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 339.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,977 shares of the company's stock after acquiring an additional 50,977 shares during the period. Toronto Dominion Bank's holdings in Triple Flag Precious Metals were worth $991,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TFPM. Farther Finance Advisors LLC raised its stake in shares of Triple Flag Precious Metals by 175.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock valued at $29,000 after purchasing an additional 1,208 shares during the period. Northwest & Ethical Investments L.P. bought a new stake in shares of Triple Flag Precious Metals during the fourth quarter valued at about $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Triple Flag Precious Metals in the fourth quarter worth about $134,000. XTX Topco Ltd boosted its position in shares of 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 acquiring an additional 1,238 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Triple Flag Precious Metals during the fourth quarter valued at approximately $255,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

TFPM has been the topic of several recent analyst reports. Scotiabank reiterated a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a 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. Jefferies Financial Group boosted 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. Finally, Raymond James restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, May 7th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $24.50.

Triple Flag Precious Metals Price Performance

TFPM stock traded up $1.12 during midday trading on Monday, reaching $23.03. The company had a trading volume of 521,297 shares, compared to its average volume of 319,500. The firm has a 50-day moving average price of $20.67 and a 200-day moving average price of $18.01. The company has a market capitalization of $4.63 billion, a P/E ratio of -209.36, a P/E/G 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 $23.79.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $72.14 million. On average, equities analysts predict that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

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 given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 0.96%. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently 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.