17,160 Shares in Triple Flag Precious Metals Corp. (NYSE:TFPM) Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,160 shares of the company’s stock, valued at approximately $278,000.

A number of other institutional investors have also recently made changes to their positions in TFPM. Tidal Investments LLC bought a new position in Triple Flag Precious Metals during the first quarter valued at approximately $6,145,000. American Century Companies Inc. purchased a new stake in Triple Flag Precious Metals during the 2nd quarter valued at $2,389,000. Acadian Asset Management LLC bought a new position in shares of Triple Flag Precious Metals during the 2nd quarter valued at $1,705,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Triple Flag Precious Metals in the 2nd quarter worth $2,191,000. Finally, Lummis Asset Management LP grew its holdings in shares of Triple Flag Precious Metals by 1,756.8% in the second quarter. Lummis Asset Management LP now owns 47,887 shares of the company’s stock worth $742,000 after acquiring an additional 45,308 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Price Performance

Shares of Triple Flag Precious Metals stock opened at $16.64 on Friday. The stock has a market cap of $3.35 billion, a P/E ratio of -63.98, a P/E/G ratio of 1.08 and a beta of -0.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.18. The stock’s fifty day moving average is $16.88 and its 200 day moving average is $16.28. Triple Flag Precious Metals Corp. has a one year low of $11.75 and a one year high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM) last posted 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. The firm had revenue of $73.67 million for the quarter. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. During the same period last year, the business earned $0.09 EPS. Sell-side analysts anticipate that Triple Flag Precious Metals Corp. will post 0.55 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, November 29th. Triple Flag Precious Metals’s dividend payout ratio is currently -84.62%.

Wall Street Analysts Forecast Growth

TFPM has been the topic of a number of recent research reports. Scotiabank increased their target price 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. Jefferies Financial Group increased 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 note on Friday, October 4th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.