Triple Flag Precious Metals (NYSE:TFPM) Shares Gap Down - What's Next?

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) gapped down prior to trading 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 changing hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on TFPM. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Raymond James reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th. Jefferies Financial Group raised 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 report on Tuesday, April 22nd. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Triple Flag Precious Metals presently has an average rating of "Moderate Buy" and a consensus price target of $22.00.

Triple Flag Precious Metals Trading Down 0.4%

The stock's fifty day moving average price is $20.19 and its two-hundred day moving average price is $17.69. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of -180.50, 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 announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $82.25 million for the quarter, compared to analyst estimates of $72.14 million. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. Analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.055 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 1.11%. Triple Flag Precious Metals's dividend payout ratio is presently 733.33%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Triple Flag Precious Metals by 175.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock valued at $29,000 after acquiring an additional 1,208 shares during the period. SVB Wealth LLC bought a new stake in Triple Flag Precious Metals in the 1st quarter valued at about $34,000. Northwest & Ethical Investments L.P. bought a new stake in Triple Flag Precious Metals in the 4th quarter valued at about $45,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Triple Flag Precious Metals in the 4th quarter valued at about $134,000. Finally, Drive Wealth Management LLC bought a new stake in shares of Triple Flag Precious Metals during the 4th quarter worth about $175,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

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.