Short Interest in Triple Flag Precious Metals Corp. (NYSE:TFPM) Increases By 46.6%

Key Points

• Short interest in Triple Flag Precious Metals Corp. increased by 46.6% in August, from 1,030,000 shares to 1,510,000 shares, which represents 0.8% of the company's total shares.
• The company beat earnings expectations by reporting $0.24 earnings per share (EPS) for the quarter, surpassing the consensus estimate of $0.21.
• Triple Flag Precious Metals also announced a quarterly dividend of $0.0575, increasing its yield to 0.8%, which is a rise from the previous dividend of $0.06.

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 1,510,000 shares, agrowthof46.6% from the July 31st total of 1,030,000 shares. Currently,0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 487,400 shares, the days-to-cover ratio is presently 3.1 days. Based on an average daily trading volume, of 487,400 shares, the days-to-cover ratio is presently 3.1 days. Currently,0.8% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TFPM. Raymond James Financial reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Friday, August 8th. BMO Capital Markets lowered shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. Wall Street Zen lowered shares of Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a report on Friday. CIBC reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Tuesday, July 15th. Finally, TD Securities reissued a "buy" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Triple Flag Precious Metals Trading Up 4.8%

NYSE TFPM traded up $1.29 on Friday, hitting $28.25. 1,312,462 shares of the company's stock traded hands, compared to its average volume of 644,412. The firm's 50-day moving average price is $24.92 and its two-hundred day moving average price is $22.23. Triple Flag Precious Metals has a 1-year low of $14.51 and a 1-year high of $28.49. The firm has a market capitalization of $5.83 billion, a PE ratio of 32.84, a P/E/G ratio of 1.25 and a beta of -0.19.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The firm had revenue of $94.09 million during the quarter, compared to analysts' expectations of $82.76 million. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. On average, research analysts anticipate that Triple Flag Precious Metals will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a $0.0575 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Triple Flag Precious Metals's previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, September 2nd. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently 26.74%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Triple Flag Precious Metals by 67.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,097,794 shares of the company's stock valued at $49,731,000 after acquiring an additional 844,765 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Triple Flag Precious Metals by 14.5% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,888,643 shares of the company's stock worth $44,694,000 after buying an additional 239,670 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Triple Flag Precious Metals by 221.9% in the 4th quarter. Tidal Investments LLC now owns 1,717,347 shares of the company's stock worth $25,829,000 after buying an additional 1,183,827 shares in the last quarter. Norges Bank purchased a new stake in shares of Triple Flag Precious Metals in the 2nd quarter worth about $24,816,000. Finally, Mackenzie Financial Corp boosted its position in shares of Triple Flag Precious Metals by 15.5% in the 2nd quarter. Mackenzie Financial Corp now owns 964,756 shares of the company's stock worth $22,891,000 after buying an additional 129,516 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.

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