Jane Street Group LLC Trims Stock Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Jane Street Group LLC decreased its position in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 70.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,265 shares of the company's stock after selling 144,007 shares during the period. Jane Street Group LLC's holdings in Triple Flag Precious Metals were worth $890,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TFPM. Parvin Asset Management LLC purchased a new position in Triple Flag Precious Metals during the fourth quarter worth about $570,000. Dimensional Fund Advisors LP lifted its holdings in shares of Triple Flag Precious Metals by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 421,461 shares of the company's stock worth $6,339,000 after acquiring an additional 21,012 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Triple Flag Precious Metals in the 4th quarter worth approximately $430,000. XTX Topco Ltd boosted its position in shares of Triple Flag Precious Metals by 9.1% during the 4th quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after purchasing an additional 1,238 shares during the period. Finally, Barclays PLC increased its holdings in Triple Flag Precious Metals by 65.4% in the 4th quarter. Barclays PLC now owns 235,658 shares of the company's stock valued at $3,544,000 after purchasing an additional 93,214 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Down 0.4%

TFPM traded down $0.09 on Thursday, reaching $21.73. The company had a trading volume of 268,309 shares, compared to its average volume of 315,502. 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 market capitalization of $4.36 billion, a PE ratio of -197.50, a P/E/G ratio of 0.78 and a beta of -0.27. The stock has a 50-day moving average price of $20.62 and a 200-day moving average price of $17.95.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $82.25 million for the quarter, compared to analyst estimates 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, analysts expect that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

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 paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio is currently 733.33%.

Wall Street Analysts Forecast Growth

TFPM has been the topic of a number of research reports. Raymond James restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, May 7th. Jefferies Financial Group increased their target price on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. National Bank Financial upgraded shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, BMO Capital Markets restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Triple Flag Precious Metals has a consensus rating of "Moderate Buy" and a consensus target price of $22.67.

Triple Flag Precious Metals Company 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.