Triple Flag Precious Metals (NYSE:TFPM) Shares Gap Down – Here’s Why

Triple Flag Precious Metals Corp. (NYSE:TFPM)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $14.94, but opened at $14.55. Triple Flag Precious Metals shares last traded at $14.90, with a volume of 89,626 shares traded.

Analyst Ratings Changes

Separately, Jefferies Financial Group increased their price objective on shares of 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.

Triple Flag Precious Metals Trading Down 0.4 %

The stock has a market capitalization of $3.00 billion, a PE ratio of -57.23, a price-to-earnings-growth ratio of 0.86 and a beta of -0.18. The company has a current ratio of 3.18, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $16.65 and a 200-day moving average price of $16.20.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. The business had revenue of $73.67 million for the quarter. During the same period in the prior year, the firm posted $0.09 EPS. As a group, equities analysts forecast that Triple Flag Precious Metals Corp. will post 0.56 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Friday, November 29th. Triple Flag Precious Metals’s payout ratio is -84.62%.

Institutional Trading of Triple Flag Precious Metals

Several hedge funds and other institutional investors have recently bought and sold shares of TFPM. FMR LLC increased its stake in shares of Triple Flag Precious Metals by 8.9% in the third quarter. FMR LLC now owns 4,061,121 shares of the company’s stock worth $65,761,000 after buying an additional 333,574 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Triple Flag Precious Metals by 18.0% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock valued at $25,838,000 after purchasing an additional 242,906 shares in the last quarter. Bank of Montreal Can increased its position in Triple Flag Precious Metals by 151.1% during the 3rd quarter. Bank of Montreal Can now owns 367,936 shares of the company’s stock valued at $6,042,000 after buying an additional 221,389 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Triple Flag Precious Metals in the 2nd quarter worth about $2,389,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Triple Flag Precious Metals in the second quarter worth about $2,191,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.