Toronto Dominion Bank Purchases 50,977 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Toronto Dominion Bank lifted its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 339.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,977 shares of the company's stock after buying 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.

A number of other institutional investors have also modified their holdings of the business. Principal Street Partners LLC grew its position in shares of Triple Flag Precious Metals by 4.2% during the fourth quarter. Principal Street Partners LLC now owns 24,755 shares of the company's stock worth $372,000 after acquiring an additional 1,001 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Triple Flag Precious Metals by 175.6% during the fourth 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 during the last quarter. XTX Topco Ltd grew its position in Triple Flag Precious Metals by 9.1% in the 4th 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. HighTower Advisors LLC grew its position in Triple Flag Precious Metals by 8.4% in the 4th quarter. HighTower Advisors LLC now owns 31,432 shares of the company's stock valued at $473,000 after buying an additional 2,447 shares in the last quarter. Finally, Versor Investments LP grew its position in Triple Flag Precious Metals by 19.7% in the 4th quarter. Versor Investments LP now owns 18,204 shares of the company's stock valued at $273,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. 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 restated 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 stock a "buy" rating in a research report on Tuesday, April 22nd. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Finally, Royal Bank of Canada lifted their target price on shares of Triple Flag Precious Metals from $19.00 to $23.00 and gave the company a "sector perform" rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Triple Flag Precious Metals currently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Triple Flag Precious Metals Stock Performance

Shares of NYSE:TFPM traded up $0.57 on Wednesday, hitting $24.46. The stock had a trading volume of 515,102 shares, compared to its average volume of 323,350. Triple Flag Precious Metals Corp. has a twelve month low of $13.94 and a twelve month high of $24.56. The firm's 50 day moving average price is $20.93 and its 200-day moving average price is $18.15. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of -222.36, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $82.25 million during the quarter, compared to analysts' expectations of $72.14 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently 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.