Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Purchased by Fmr LLC

Fmr LLC boosted its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,061,121 shares of the company’s stock after purchasing an additional 333,574 shares during the period. Fmr LLC owned approximately 2.02% of Triple Flag Precious Metals worth $65,761,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TFPM. Versor Investments LP acquired a new position in Triple Flag Precious Metals in the 2nd quarter valued at about $160,000. 1832 Asset Management L.P. purchased a new position in shares of Triple Flag Precious Metals in the 2nd quarter valued at approximately $165,000. CIBC Asset Management Inc acquired a new position in shares of Triple Flag Precious Metals in the second quarter valued at approximately $179,000. Magnetar Financial LLC acquired a new stake in shares of Triple Flag Precious Metals during the second quarter worth $228,000. Finally, Oppenheimer & Co. Inc. purchased a new position in Triple Flag Precious Metals in the 3rd quarter valued at $278,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Performance

NYSE:TFPM opened at $16.27 on Friday. 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 Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $18.88. The firm’s fifty day simple moving average is $16.81 and its 200-day simple moving average is $16.28. The stock has a market cap of $3.28 billion, a PE ratio of -64.23, a price-to-earnings-growth ratio of 0.90 and a beta of -0.18.

Triple Flag Precious Metals (NYSE:TFPM) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $73.67 million for the quarter. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. During the same quarter in the previous year, the company posted $0.09 earnings per share. Analysts expect 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.055 per share. The ex-dividend date is Friday, November 29th. This represents a $0.22 annualized dividend and a yield of 1.35%. Triple Flag Precious Metals’s dividend payout ratio is presently -84.62%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Jefferies Financial Group upped their price objective on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Scotiabank lifted their price objective on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Triple Flag Precious Metals Company 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.