Two Sigma Investments LP Raises Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Two Sigma Investments LP raised its position in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 25.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 353,898 shares of the company's stock after purchasing an additional 70,966 shares during the period. Two Sigma Investments LP owned 0.18% of Triple Flag Precious Metals worth $5,323,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its stake in Triple Flag Precious Metals by 21.5% during the third quarter. Barclays PLC now owns 142,444 shares of the company's stock worth $2,304,000 after buying an additional 25,220 shares during the last quarter. Drive Wealth Management LLC acquired a new stake in Triple Flag Precious Metals during the 4th quarter worth about $175,000. Meixler Investment Management Ltd. raised its position in shares of Triple Flag Precious Metals by 19.9% in the 4th quarter. Meixler Investment Management Ltd. now owns 28,612 shares of the company's stock worth $430,000 after acquiring an additional 4,750 shares in the last quarter. Versor Investments LP lifted its stake in shares of 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 purchasing an additional 3,000 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Triple Flag Precious Metals in the 4th quarter valued at about $464,000. 82.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TFPM. Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Raymond James reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, May 7th. National Bank Financial upgraded shares of Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group raised 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 report on Tuesday, April 22nd. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, April 23rd. One research 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 stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $24.50.

Triple Flag Precious Metals Stock Performance

Triple Flag Precious Metals stock traded up $0.08 during mid-day trading on Friday, reaching $21.77. The stock had a trading volume of 252,013 shares, compared to its average volume of 371,948. The stock's 50-day simple moving average is $20.62 and its 200-day simple moving average is $17.95. Triple Flag Precious Metals Corp. has a fifty-two week low of $13.94 and a fifty-two week high of $22.96. The firm has a market capitalization of $4.37 billion, a PE ratio of -197.90, 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 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 positive return on equity of 6.63% and a negative net margin of 8.58%. The business had revenue of $82.25 million during the quarter, compared to the consensus estimate of $72.14 million. On average, research analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

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 issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a yield of 1.01%. 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.