Two Sigma Advisers LP Purchases 157,700 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Two Sigma Advisers LP grew its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 56.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 436,100 shares of the company's stock after purchasing an additional 157,700 shares during the period. Two Sigma Advisers LP owned approximately 0.22% of Triple Flag Precious Metals worth $6,559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tidal Investments LLC boosted its position in Triple Flag Precious Metals by 221.9% during the fourth quarter. Tidal Investments LLC now owns 1,717,347 shares of the company's stock valued at $25,829,000 after purchasing an additional 1,183,827 shares during the last quarter. Norges Bank acquired a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at about $15,696,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Triple Flag Precious Metals by 377.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock worth $13,652,000 after acquiring an additional 718,408 shares during the period. Amundi acquired a new stake in shares of Triple Flag Precious Metals during the 4th quarter valued at about $8,281,000. Finally, Millennium Management LLC grew its stake in shares of Triple Flag Precious Metals by 104.6% in the 4th quarter. Millennium Management LLC now owns 442,678 shares of the company's stock valued at $6,650,000 after purchasing an additional 226,330 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Performance

NYSE:TFPM traded down $0.22 on Tuesday, hitting $21.56. 458,072 shares of the stock were exchanged, compared to its average volume of 316,087. Triple Flag Precious Metals Corp. has a 52 week low of $13.94 and a 52 week high of $22.96. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of -196.00, a P/E/G ratio of 0.78 and a beta of -0.27. The company's 50-day moving average price is $20.47 and its 200 day moving average price is $17.86.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $82.25 million during the quarter, compared to the consensus estimate of $72.14 million. As a group, equities research 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 declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.055 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 1.02%. Triple Flag Precious Metals's dividend payout ratio is currently 733.33%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TFPM shares. Jefferies Financial Group lifted 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 note on Tuesday, April 22nd. Raymond James reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, May 7th. BMO Capital Markets reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, April 23rd. National Bank Financial upgraded shares of Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

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.