Triple Flag Precious Metals (NYSE:TFPM) Trading Down 5.3% - Time to Sell?

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

Analyst Upgrades and Downgrades

Several research firms have commented on TFPM. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Royal Bank Of Canada raised their target price on shares of Triple Flag Precious Metals from $19.00 to $23.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Jefferies Financial Group raised their target price on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Finally, Raymond James Financial reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Thursday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.00.

Triple Flag Precious Metals Stock Performance

The company has a market capitalization of $4.74 billion, a P/E ratio of 786.27, a price-to-earnings-growth ratio of 1.12 and a beta of -0.20. The firm's fifty day moving average is $22.84 and its 200-day moving average is $19.54.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its 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. Triple Flag Precious Metals had a net margin of 1.71% and a return on equity of 7.69%. The business had revenue of $82.25 million for the quarter, compared to the consensus estimate of $72.14 million. As a group, analysts expect that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.93%. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently 733.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TFPM. Raymond James Financial Inc. acquired a new position in shares of Triple Flag Precious Metals in the 4th quarter worth approximately $464,000. Amundi acquired a new position in shares of Triple Flag Precious Metals in the 4th quarter worth approximately $8,281,000. HighTower Advisors LLC lifted its position in shares of Triple Flag Precious Metals by 8.4% during the 4th quarter. HighTower Advisors LLC now owns 31,432 shares of the company's stock valued at $473,000 after acquiring an additional 2,447 shares during the period. Farther Finance Advisors LLC lifted its position 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 valued at $29,000 after acquiring an additional 1,208 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Triple Flag Precious Metals by 92.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 96,600 shares of the company's stock valued at $1,450,000 after acquiring an additional 46,500 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

Triple Flag Precious Metals Company Profile

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.