Parvin Asset Management LLC Buys New Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Parvin Asset Management LLC acquired a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,918 shares of the company's stock, valued at approximately $570,000.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Triple Flag Precious Metals by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 421,461 shares of the company's stock valued at $6,339,000 after acquiring an additional 21,012 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Triple Flag Precious Metals in the fourth quarter worth about $430,000. XTX Topco Ltd lifted its position in shares of Triple Flag Precious Metals by 9.1% in the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after buying an additional 1,238 shares in the last quarter. Barclays PLC lifted its position in shares of Triple Flag Precious Metals by 65.4% in the fourth quarter. Barclays PLC now owns 235,658 shares of the company's stock worth $3,544,000 after buying an additional 93,214 shares in the last quarter. Finally, Townsquare Capital LLC boosted its stake in Triple Flag Precious Metals by 33.3% during the fourth quarter. Townsquare Capital LLC now owns 28,501 shares of the company's stock valued at $429,000 after buying an additional 7,118 shares during the last quarter. Institutional investors own 82.91% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on TFPM shares. Raymond James reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a report on Friday, April 4th. Jefferies Financial Group upped their price target on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. BMO Capital Markets restated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Finally, Scotiabank reiterated a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $22.00.

Triple Flag Precious Metals Stock Up 1.3 %

Triple Flag Precious Metals stock traded up $0.27 during midday trading on Friday, reaching $20.92. The stock had a trading volume of 643,728 shares, compared to its average volume of 288,890. Triple Flag Precious Metals Corp. has a 52-week low of $13.94 and a 52-week high of $22.96. The company has a fifty day moving average of $19.48 and a 200 day moving average of $17.48. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of -190.18, a price-to-earnings-growth ratio of 0.78 and a beta of -0.25.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. 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 $74.21 million for the quarter, compared to analyst estimates of $74.10 million. Equities research analysts predict that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.22 dividend on an annualized basis and a yield of 1.05%. Triple Flag Precious Metals's payout ratio is -200.00%.

Triple Flag Precious Metals Company 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.