Two Sigma Advisers LP Boosts Stock Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Two Sigma Advisers LP lifted its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 56.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 436,100 shares of the company’s stock after acquiring an additional 157,700 shares during the period. Two Sigma Advisers LP owned approximately 0.22% of Triple Flag Precious Metals worth $6,559,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TFPM. Farther Finance Advisors LLC boosted its stake in Triple Flag Precious Metals by 175.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company’s stock worth $29,000 after purchasing an additional 1,208 shares during the period. Northwest & Ethical Investments L.P. purchased a new stake in shares of Triple Flag Precious Metals in the fourth quarter worth about $45,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Triple Flag Precious Metals in the fourth quarter valued at approximately $134,000. Drive Wealth Management LLC bought a new position in shares of Triple Flag Precious Metals in the fourth quarter valued at approximately $175,000. Finally, XTX Topco Ltd grew its stake in 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 acquiring an additional 1,238 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. National Bank Financial upgraded shares of Triple Flag Precious Metals to a “strong-buy” rating in a research note on Wednesday, April 23rd. Raymond James reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th. Jefferies Financial Group boosted their target price 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. Scotiabank restated a “sector perform” rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Triple Flag Precious Metals has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Triple Flag Precious Metals Stock Performance

Triple Flag Precious Metals stock opened at $21.79 on Friday. 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 market cap of $4.37 billion, a P/E ratio of -198.05, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27. The firm’s fifty day moving average price is $20.42 and its 200-day moving average price is $17.82.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. The business had revenue of $82.25 million for the quarter, compared to analysts’ expectations of $72.14 million. On average, analysts predict that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.055 per share. The ex-dividend date is Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.01%. Triple Flag Precious Metals’s dividend payout ratio is 733.33%.

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.