Parvin Asset Management LLC Invests $570,000 in Triple Flag Precious Metals Corp. (NYSE:TFPM)

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

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Triple Flag Precious Metals in the fourth quarter valued at $15,696,000. Arrowstreet Capital Limited Partnership raised its stake in Triple Flag Precious Metals by 377.2% in 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 stake in shares of Triple Flag Precious Metals in the fourth quarter valued at approximately $8,281,000. Tidal Investments LLC grew its holdings in shares of Triple Flag Precious Metals by 1.8% during the 3rd quarter. Tidal Investments LLC now owns 533,520 shares of the company's stock worth $8,632,000 after purchasing an additional 9,184 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in Triple Flag Precious Metals by 55.2% in the 4th quarter. Hillsdale Investment Management Inc. now owns 523,878 shares of the company's stock valued at $7,863,000 after buying an additional 186,278 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

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

Triple Flag Precious Metals Stock Up 2.6 %

Triple Flag Precious Metals stock traded up $0.54 during midday trading on Monday, hitting $21.48. 238,918 shares of the stock were exchanged, compared to its average volume of 288,721. Triple Flag Precious Metals Corp. has a 52-week low of $13.94 and a 52-week high of $22.96. The business's 50-day moving average price is $19.48 and its 200-day moving average price is $17.49. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of -195.29, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The company had revenue of $74.21 million during the quarter, compared to analyst estimates of $74.10 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. On average, sell-side analysts predict that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Monday, March 3rd. Triple Flag Precious Metals's payout ratio is currently -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.