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

Two Sigma Advisers LP boosted its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 56.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 436,100 shares of the company's stock after buying an additional 157,700 shares during the period. Two Sigma Advisers LP owned 0.22% of Triple Flag Precious Metals worth $6,559,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TFPM. Farther Finance Advisors LLC lifted its stake in shares of Triple Flag Precious Metals by 175.6% in the 4th 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. bought a new position in Triple Flag Precious Metals in the fourth quarter worth $45,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Triple Flag Precious Metals in the fourth quarter worth $134,000. Drive Wealth Management LLC purchased a new position in Triple Flag Precious Metals during the fourth quarter valued at $175,000. Finally, XTX Topco Ltd boosted its holdings 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 valued at $223,000 after buying an additional 1,238 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

Triple Flag Precious Metals Trading Up 1.2%

NYSE:TFPM traded up $0.25 on Wednesday, reaching $21.81. 262,677 shares of the stock traded hands, compared to its average volume of 315,874. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -198.27, a PEG ratio of 0.78 and a beta of -0.27. Triple Flag Precious Metals Corp. has a 12 month low of $13.94 and a 12 month high of $22.96. The company's fifty day simple moving average is $20.52 and its 200 day simple moving average is $17.89.

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 for the quarter, beating the consensus estimate 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 company had revenue of $82.25 million during the quarter, compared to the consensus estimate of $72.14 million. Equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, May 30th. Triple Flag Precious Metals's payout ratio is 733.33%.

Wall Street Analysts Forecast Growth

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

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.