Vident Advisory LLC Buys Shares of 23,650 Triple Flag Precious Metals Corp. (NYSE:TFPM)

Vident Advisory LLC bought a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,650 shares of the company's stock, valued at approximately $356,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its holdings in shares of 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 acquiring an additional 1,183,827 shares during the period. Norges Bank bought a new stake in shares of Triple Flag Precious Metals in the 4th quarter worth about $15,696,000. Arrowstreet Capital Limited Partnership increased its position in shares of Triple Flag Precious Metals by 377.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock worth $13,652,000 after purchasing an additional 718,408 shares in the last quarter. Amundi bought a new position in Triple Flag Precious Metals during the 4th quarter valued at about $8,281,000. Finally, Millennium Management LLC lifted its holdings in Triple Flag Precious Metals by 104.6% during 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 last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Performance

TFPM traded up $1.12 during midday trading on Monday, hitting $23.03. The company had a trading volume of 521,297 shares, compared to its average volume of 319,514. Triple Flag Precious Metals Corp. has a twelve month low of $13.94 and a twelve month high of $23.79. The company has a market capitalization of $4.63 billion, a PE ratio of -209.36, a P/E/G ratio of 0.78 and a beta of -0.27. The firm's 50-day simple moving average is $20.74 and its 200-day simple moving average is $18.06.

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, 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 business had revenue of $82.25 million for the quarter, compared to analysts' expectations of $72.14 million. As a group, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.96%. Triple Flag Precious Metals's payout ratio is currently 733.33%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TFPM. Jefferies Financial Group upped their price objective 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. BMO Capital Markets reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. Raymond James restated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th. Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Finally, National Bank Financial raised Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $24.50.

About Triple Flag Precious Metals

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.