Tidal Investments LLC Buys 9,184 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Tidal Investments LLC lifted its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 1.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 533,520 shares of the company’s stock after acquiring an additional 9,184 shares during the period. Tidal Investments LLC’s holdings in Triple Flag Precious Metals were worth $8,632,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in 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 purchasing an additional 333,574 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Triple Flag Precious Metals by 18.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock worth $25,838,000 after buying an additional 242,906 shares during the period. Bank of Montreal Can raised its stake in Triple Flag Precious Metals by 151.1% during the third quarter. Bank of Montreal Can now owns 367,936 shares of the company’s stock worth $6,042,000 after acquiring an additional 221,389 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at $2,389,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Triple Flag Precious Metals in the 2nd quarter worth about $2,191,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TFPM has been the topic of a number of recent analyst reports. Scotiabank boosted their price target on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group increased their price target on 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. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Triple Flag Precious Metals Trading Down 3.2 %

TFPM stock opened at $16.47 on Friday. The company has a 50 day moving average price of $16.85 and a 200 day moving average price of $16.25. Triple Flag Precious Metals Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $18.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.18.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. Equities research analysts anticipate 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Friday, November 29th. Triple Flag Precious Metals’s payout ratio is presently -84.62%.

About Triple Flag Precious Metals

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.