Vident Advisory LLC Takes $356,000 Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Vident Advisory LLC acquired a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 23,650 shares of the company's stock, valued at approximately $356,000.

A number of other large investors have also modified their holdings of TFPM. Farther Finance Advisors LLC boosted its stake in Triple Flag Precious Metals by 175.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock valued at $29,000 after acquiring an additional 1,208 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new position in Triple Flag Precious Metals in the fourth quarter valued at $45,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Triple Flag Precious Metals in the fourth quarter valued at $134,000. Drive Wealth Management LLC acquired a new position in Triple Flag Precious Metals in the fourth quarter valued at $175,000. Finally, XTX Topco Ltd boosted its stake in Triple Flag Precious Metals by 9.1% in the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock valued at $223,000 after acquiring an additional 1,238 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals stock traded up $0.16 during mid-day trading on Friday, reaching $21.90. The company had a trading volume of 1,240,915 shares, compared to its average volume of 318,694. Triple Flag Precious Metals Corp. has a 1 year low of $13.94 and a 1 year high of $22.96. The company has a market capitalization of $4.40 billion, a P/E ratio of -199.09, a P/E/G ratio of 0.78 and a beta of -0.27. The stock's 50-day simple moving average is $20.67 and its 200-day simple moving average is $18.00.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating 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 company had revenue of $82.25 million during the quarter, compared to analysts' expectations of $72.14 million. On average, equities analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a yield of 1.00%. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently 733.33%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Jefferies Financial Group upped 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 report on Tuesday, April 22nd. Finally, Raymond James reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $24.50.

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.