Triple Flag Precious Metals Corp. (NYSE:TFPM) Short Interest Up 32.6% in May

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 1,170,000 shares, a growth of 32.6% from the May 15th total of 882,500 shares. Based on an average daily volume of 473,800 shares, the short-interest ratio is currently 2.5 days. Approximately 0.6% of the company's shares are short sold.

Triple Flag Precious Metals Stock Up 0.5%

Shares of Triple Flag Precious Metals stock traded up $0.11 during trading hours on Friday, reaching $24.67. 679,921 shares of the stock traded hands, compared to its average volume of 330,555. The company has a 50 day moving average price of $22.08 and a 200 day moving average price of $18.74. Triple Flag Precious Metals has a one year low of $13.94 and a one year high of $25.45. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 822.43, a P/E/G ratio of 1.20 and a beta of -0.24.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. Triple Flag Precious Metals had a return on equity of 7.69% and a net margin of 1.71%. The company had revenue of $82.25 million for the quarter, compared to analysts' expectations of $72.14 million. Sell-side analysts anticipate that Triple Flag Precious Metals will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio (DPR) is 733.33%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several large investors have recently made changes to their positions in the business. Versor Investments LP grew its position in shares of Triple Flag Precious Metals by 19.7% during the fourth quarter. Versor Investments LP now owns 18,204 shares of the company's stock valued at $273,000 after purchasing an additional 3,000 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Triple Flag Precious Metals in the fourth quarter worth $464,000. Amundi bought a new stake in Triple Flag Precious Metals during the 4th quarter valued at about $8,281,000. HighTower Advisors LLC grew its stake in Triple Flag Precious Metals by 8.4% in the fourth quarter. HighTower Advisors LLC now owns 31,432 shares of the company's stock worth $473,000 after purchasing an additional 2,447 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Triple Flag Precious Metals by 175.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock worth $29,000 after purchasing an additional 1,208 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TFPM has been the subject of a number of recent analyst reports. 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 report on Tuesday, April 22nd. BMO Capital Markets reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Raymond James Financial restated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. Finally, National Bank Financial upgraded shares of Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Triple Flag Precious Metals has a consensus rating of "Moderate Buy" and an average price target of $24.00.

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.