Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP lifted its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 25.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 353,898 shares of the company's stock after buying an additional 70,966 shares during the period. Two Sigma Investments LP owned approximately 0.18% of Triple Flag Precious Metals worth $5,323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake 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 buying an additional 1,208 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in Triple Flag Precious Metals during the fourth quarter valued at $45,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Triple Flag Precious Metals during the fourth quarter valued at $134,000. Drive Wealth Management LLC acquired a new position in Triple Flag Precious Metals during the fourth quarter valued at $175,000. Finally, XTX Topco Ltd lifted its position in Triple Flag Precious Metals by 9.1% during the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock valued at $223,000 after purchasing an additional 1,238 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TFPM has been the subject of a number of research reports. Raymond James restated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th. Jefferies Financial Group boosted their target price on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a research report 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. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. One 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 company's stock. According to data from MarketBeat.com, Triple Flag Precious Metals has a consensus rating of "Buy" and a consensus target price of $24.50.

Triple Flag Precious Metals Trading Up 0.7%

TFPM traded up $0.16 on Friday, reaching $21.90. The 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 12-month low of $13.94 and a 12-month high of $22.96. The business's 50-day moving average price is $20.67 and its two-hundred day moving average price is $18.00. The company has a market cap of $4.40 billion, a P/E ratio of -199.09, 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 released its earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The business had revenue of $82.25 million during the quarter, compared to analysts' expectations of $72.14 million. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. As a group, analysts predict that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.055 per share. 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 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.