Point72 Asset Management L.P. Takes $111,000 Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Point72 Asset Management L.P. bought a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 6,891 shares of the company’s stock, valued at approximately $111,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Versor Investments LP acquired a new position in shares of Triple Flag Precious Metals during the second quarter worth about $160,000. 1832 Asset Management L.P. acquired a new position in Triple Flag Precious Metals during the 2nd quarter worth approximately $165,000. CIBC Asset Management Inc purchased a new position in Triple Flag Precious Metals in the 2nd quarter worth approximately $179,000. Magnetar Financial LLC acquired a new stake in Triple Flag Precious Metals in the second quarter valued at approximately $228,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Triple Flag Precious Metals during the third quarter valued at approximately $278,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

TFPM has been the subject of several analyst reports. Scotiabank upped their target price on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group raised their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Triple Flag Precious Metals Stock Down 2.2 %

Shares of Triple Flag Precious Metals stock opened at $16.11 on Friday. The business has a 50-day moving average price of $16.85 and a 200 day moving average price of $16.24. Triple Flag Precious Metals Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $18.88. The firm has a market cap of $3.25 billion, a P/E ratio of -61.96, a P/E/G ratio of 0.91 and a beta of -0.18. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. The business had revenue of $73.67 million during the quarter. During the same quarter last year, the firm posted $0.09 earnings per share. On average, sell-side analysts forecast that Triple Flag Precious Metals Corp. will post 0.56 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, November 29th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -84.62%.

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.