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

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 $21.44, but opened at $20.96. Triple Flag Precious Metals shares last traded at $21.77, with a volume of 54,712 shares changing hands.

Wall Street Analysts Forecast Growth

TFPM has been the topic of a number of research reports. Raymond James reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Friday, April 4th. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.00.

Triple Flag Precious Metals Price Performance

The stock has a market cap of $4.41 billion, a PE ratio of -199.46, a price-to-earnings-growth ratio of 0.78 and a beta of -0.25. The business has a 50 day moving average price of $18.70 and a two-hundred day moving average price of $17.14.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. The business had revenue of $74.21 million during the quarter, compared to analysts' expectations of $74.10 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Monday, March 3rd. Triple Flag Precious Metals's payout ratio is -200.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC boosted its stake in Triple Flag Precious Metals by 221.9% during the fourth quarter. Tidal Investments LLC now owns 1,717,347 shares of the company's stock worth $25,829,000 after acquiring an additional 1,183,827 shares in the last quarter. Norges Bank bought a new stake in Triple Flag Precious Metals during the fourth quarter valued at approximately $15,696,000. Arrowstreet Capital Limited Partnership increased its holdings in Triple Flag Precious Metals by 377.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock valued at $13,652,000 after buying an additional 718,408 shares during the last quarter. Amundi purchased a new stake in Triple Flag Precious Metals during the fourth quarter valued at approximately $8,281,000. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of Triple Flag Precious Metals by 55.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 523,878 shares of the company's stock worth $7,863,000 after acquiring an additional 186,278 shares during the last quarter. 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.