Triple Flag Precious Metals (NYSE:TFPM) Shares Gap Down - Should You Sell?

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $22.07, but opened at $21.22. Triple Flag Precious Metals shares last traded at $20.51, with a volume of 118,500 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, April 23rd. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Raymond James restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday. Finally, Jefferies Financial Group increased their price target on 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. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

Triple Flag Precious Metals Stock Performance

The business has a fifty day simple moving average of $19.97 and a 200 day simple moving average of $17.61. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of -182.32, 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 issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. The firm had revenue of $82.25 million for the quarter, compared to analyst estimates of $72.14 million. On average, sell-side analysts forecast 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 business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently 733.33%.

Institutional Trading of Triple Flag Precious Metals

Several large investors have recently modified their holdings of the stock. Principal Street Partners LLC grew its holdings in shares of Triple Flag Precious Metals by 4.2% during the 4th quarter. Principal Street Partners LLC now owns 24,755 shares of the company's stock worth $372,000 after purchasing an additional 1,001 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Triple Flag Precious Metals by 3.5% during the 4th quarter. Mackenzie Financial Corp now owns 32,577 shares of the company's stock worth $489,000 after purchasing an additional 1,101 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of 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 in the last quarter. XTX Topco Ltd lifted its position in shares of Triple Flag Precious Metals by 9.1% during the 4th quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after buying an additional 1,238 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC lifted its position in shares of Triple Flag Precious Metals by 2.2% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 101,856 shares of the company's stock worth $1,957,000 after buying an additional 2,200 shares during the last quarter. 82.91% of the stock is 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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