Whitebox Advisors LLC Sells 753,075 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Whitebox Advisors LLC lessened its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 24.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,301,628 shares of the company's stock after selling 753,075 shares during the period. Triple Flag Precious Metals accounts for approximately 1.0% of Whitebox Advisors LLC's portfolio, making the stock its 25th largest position. Whitebox Advisors LLC owned approximately 1.14% of Triple Flag Precious Metals worth $34,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in 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 buying an additional 1,208 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new position in Triple Flag Precious Metals in the 4th quarter valued at about $45,000. Drive Wealth Management LLC purchased a new position in Triple Flag Precious Metals in the 4th quarter valued at about $175,000. XTX Topco Ltd boosted its stake in shares of Triple Flag Precious Metals by 9.1% during the 4th quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of Triple Flag Precious Metals by 6.0% during the third quarter. Virtu Financial LLC now owns 15,066 shares of the company's stock worth $244,000 after buying an additional 857 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Raymond James reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Friday, April 4th. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, Jefferies Financial Group boosted their price target on 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. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

Triple Flag Precious Metals Trading Up 2.0 %

Shares of Triple Flag Precious Metals stock traded up $0.44 on Tuesday, reaching $22.06. 197,953 shares of the company were exchanged, compared to its average volume of 289,349. Triple Flag Precious Metals Corp. has a fifty-two week low of $13.94 and a fifty-two week high of $22.96. The stock has a fifty day moving average price of $19.56 and a 200-day moving average price of $17.52. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of -200.50, 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 data on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $74.21 million during the quarter, compared to the consensus estimate 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%. On average, equities 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 announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Monday, March 3rd. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently -200.00%.

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.