Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Sold by Whitebox Advisors LLC

Whitebox Advisors LLC trimmed its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 24.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,301,628 shares of the company's stock after selling 753,075 shares during the period. Triple Flag Precious Metals makes up approximately 1.0% of Whitebox Advisors LLC's holdings, making the stock its 25th largest position. Whitebox Advisors LLC owned approximately 1.14% of Triple Flag Precious Metals worth $34,616,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC boosted its stake in Triple Flag Precious Metals by 6.0% during the 3rd quarter. Virtu Financial LLC now owns 15,066 shares of the company's stock valued at $244,000 after purchasing an additional 857 shares during the last quarter. Farther Finance Advisors LLC boosted 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 valued at $29,000 after acquiring an additional 1,208 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of Triple Flag Precious Metals by 9.1% during the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock valued at $223,000 after purchasing an additional 1,238 shares during the last quarter. HighTower Advisors LLC raised its stake in 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 buying an additional 2,447 shares during the last quarter. Finally, Versor Investments LP grew its holdings in shares of Triple Flag Precious Metals by 19.7% in the fourth quarter. Versor Investments LP now owns 18,204 shares of the company's stock worth $273,000 after acquiring an additional 3,000 shares during the period. 82.91% of the stock is owned by institutional investors.

Triple Flag Precious Metals Trading Up 1.3 %

Shares of NYSE TFPM traded up $0.27 during trading hours on Friday, reaching $20.92. The stock had a trading volume of 643,728 shares, compared to its average volume of 288,890. Triple Flag Precious Metals Corp. has a 52-week low of $13.94 and a 52-week high of $22.96. The business's fifty day moving average price is $19.48 and its two-hundred day moving average price is $17.48. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of -190.18, a P/E/G ratio of 0.78 and a beta of -0.25.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The company had revenue of $74.21 million during the quarter, compared to analyst estimates of $74.10 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. Equities research analysts anticipate 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 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 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Monday, March 3rd. Triple Flag Precious Metals's dividend payout ratio is presently -200.00%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Raymond James reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Friday, April 4th. BMO Capital Markets reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. National Bank Financial upgraded 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 report on Monday, April 14th. Finally, Jefferies Financial Group raised their price objective on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Triple Flag Precious Metals presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

Triple Flag Precious Metals 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.