Triple Flag Precious Metals (NYSE:TFPM) Shares Down 5.3% - Should You Sell?

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) shares dropped 5.3% on Tuesday . The company traded as low as $23.65 and last traded at $23.26. Approximately 46,171 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 339,722 shares. The stock had previously closed at $24.57.

Analyst Ratings Changes

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 stock a "buy" rating in a research report on Tuesday, April 22nd. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Raymond James Financial restated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th. National Bank Financial upgraded shares of Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada upped their target price on shares of Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Triple Flag Precious Metals presently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Triple Flag Precious Metals Price Performance

The stock has a market cap of $4.64 billion, a P/E ratio of 770.27, a price-to-earnings-growth ratio of 1.10 and a beta of -0.20. The stock's 50-day moving average is $22.79 and its two-hundred day moving average is $19.48.

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

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared 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 yield of 0.95%. The ex-dividend date was Friday, May 30th. Triple Flag Precious Metals's payout ratio is 733.33%.

Institutional Investors Weigh In On Triple Flag Precious Metals

A number of hedge funds have recently bought and sold shares of TFPM. Tidal Investments LLC raised 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 valued at $25,829,000 after purchasing 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 fourth quarter valued at $15,696,000. Mackenzie Financial Corp raised its stake in shares of Triple Flag Precious Metals by 2,463.9% in the first quarter. Mackenzie Financial Corp now owns 835,240 shares of the company's stock valued at $15,978,000 after acquiring an additional 802,663 shares during the period. SCS Capital Management LLC purchased a new stake in shares of Triple Flag Precious Metals in the first quarter valued at $15,179,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Triple Flag Precious Metals by 377.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock valued at $13,652,000 after acquiring an additional 718,408 shares during the period. 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.