Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,526,726 shares of the company's stock after acquiring an additional 194,276 shares during the quarter. Van ECK Associates Corp owned approximately 1.75% of Triple Flag Precious Metals worth $46,941,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Commonwealth Equity Services LLC boosted its stake in shares of Triple Flag Precious Metals by 81.9% during the third quarter. Commonwealth Equity Services LLC now owns 122,590 shares of the company's stock valued at $1,602,000 after purchasing an additional 55,206 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Triple Flag Precious Metals by 2.7% during the third quarter. Mackenzie Financial Corp now owns 75,402 shares of the company's stock valued at $962,000 after purchasing an additional 1,961 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Triple Flag Precious Metals by 2.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,594,649 shares of the company's stock valued at $20,983,000 after purchasing an additional 33,192 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Triple Flag Precious Metals by 5.3% during the third quarter. TD Asset Management Inc now owns 412,636 shares of the company's stock valued at $5,430,000 after purchasing an additional 20,841 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its stake in shares of Triple Flag Precious Metals by 24.9% during the third quarter. Orion Portfolio Solutions LLC now owns 15,187 shares of the company's stock valued at $198,000 after purchasing an additional 3,026 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Down 2.9 %

TFPM traded down $0.48 during trading on Tuesday, hitting $16.11. The stock had a trading volume of 467,240 shares, compared to its average volume of 166,405. The company has a market capitalization of $3.24 billion, a PE ratio of 84.79, a PEG ratio of 2.36 and a beta of -0.01. Triple Flag Precious Metals Corp. has a twelve month low of $11.75 and a twelve month high of $17.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.21 and a current ratio of 3.29. The stock has a 50 day simple moving average of $14.33 and a two-hundred day simple moving average of $13.42.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Triple Flag Precious Metals had a net margin of 17.78% and a return on equity of 3.64%. The business had revenue of $51.74 million during the quarter. On average, research analysts predict that Triple Flag Precious Metals Corp. will post 0.46 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.052 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.21 annualized dividend and a dividend yield of 1.29%. Triple Flag Precious Metals's payout ratio is currently 110.53%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TFPM shares. Bank of America increased their price objective on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a "buy" rating in a research note on Monday, March 18th. Jefferies Financial Group increased their price objective on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, April 22nd. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Triple Flag Precious Metals currently has an average rating of "Buy" and a consensus target price of $21.80.

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.