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

Two Sigma Advisers LP increased its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 56.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. 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 0.22% of Triple Flag Precious Metals worth $6,559,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in 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 valued at $29,000 after purchasing an additional 1,208 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in shares of Triple Flag Precious Metals in the fourth quarter worth about $45,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Triple Flag Precious Metals in the 4th quarter worth about $134,000. Drive Wealth Management LLC acquired a new position in shares of Triple Flag Precious Metals during the 4th quarter worth approximately $175,000. Finally, XTX Topco Ltd raised 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 worth $223,000 after acquiring an additional 1,238 shares during the period. Institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Trading Up 0.1%

NYSE:TFPM traded up $0.03 during trading hours on Thursday, hitting $21.84. The stock had a trading volume of 101,139 shares, compared to its average volume of 315,232. The business has a 50 day simple moving average of $20.57 and a two-hundred day simple moving average of $17.91. The company has a market cap of $4.39 billion, a PE ratio of -198.50, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27. Triple Flag Precious Metals Corp. has a 1-year low of $13.94 and a 1-year high of $22.96.

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

Triple Flag Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 of this dividend is Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio is presently 733.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Scotiabank reaffirmed 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 research report on Wednesday, April 23rd. BMO Capital Markets reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Raymond James reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group lifted their price objective on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.67.

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.