Triple Flag Precious Metals (NYSE:TFPM) Trading Up 3.8%

Triple Flag Precious Metals Corp. (NYSE:TFPM) shares were up 3.8% on Tuesday . The company traded as high as $13.12 and last traded at $13.12. Approximately 20,590 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 178,161 shares. The stock had previously closed at $12.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TFPM shares. Raymond James decreased their price target on shares of Triple Flag Precious Metals from C$25.00 to C$24.00 in a report on Thursday, August 24th. National Bank Financial decreased their price target on shares of Triple Flag Precious Metals from C$24.00 to C$23.50 in a report on Monday, September 25th. Finally, TheStreet lowered shares of Triple Flag Precious Metals from a “c” rating to a “d+” rating in a report on Monday, November 13th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $23.00.

Triple Flag Precious Metals Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.84 and a current ratio of 3.84. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 54.67, a price-to-earnings-growth ratio of 5.42 and a beta of -0.18. The company’s fifty day moving average is $12.89 and its two-hundred day moving average is $13.51.

Triple Flag Precious Metals Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a dividend of $0.052 per share. This represents a $0.21 annualized dividend and a yield of 1.59%. The ex-dividend date is Wednesday, November 29th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 87.50%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in Triple Flag Precious Metals by 0.7% during the 3rd quarter. Barclays PLC now owns 123,003 shares of the company’s stock worth $1,608,000 after buying an additional 907 shares during the period. Geode Capital Management LLC increased its stake in Triple Flag Precious Metals by 6.1% during the 2nd quarter. Geode Capital Management LLC now owns 20,512 shares of the company’s stock worth $282,000 after buying an additional 1,171 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Triple Flag Precious Metals by 1.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 67,384 shares of the company’s stock valued at $929,000 after purchasing an additional 1,250 shares in the last quarter. Meixler Investment Management Ltd. raised its stake in Triple Flag Precious Metals by 10.6% during the third quarter. Meixler Investment Management Ltd. now owns 13,450 shares of the company’s stock valued at $176,000 after buying an additional 1,287 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Triple Flag Precious Metals by 4.6% during the third quarter. Royal Bank of Canada now owns 36,198 shares of the company’s stock valued at $473,000 after buying an additional 1,602 shares in the last quarter. Hedge funds and other institutional investors own 80.91% of the company’s stock.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp., a gold-focused streaming and royalty company, engages in acquiring and managing precious metals and other streams and royalties in Australia, Canada, Colombia, Mongolia, Peru, South Africa, and the United States. The company has a portfolio of streams and royalties providing exposure primarily to gold and silver.