Triple Flag Precious Metals (NYSE:TFPM) Trading Down 3.2% – What’s Next?

Triple Flag Precious Metals Corp. (NYSE:TFPM)’s share price fell 3.2% during trading on Monday . The stock traded as low as $17.62 and last traded at $17.63. 206,562 shares changed hands during mid-day trading, an increase of 0% from the average session volume of 205,673 shares. The stock had previously closed at $18.22.

Wall Street Analyst Weigh In

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

Triple Flag Precious Metals Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 5.80 and a quick ratio of 5.59. The firm’s 50 day moving average price is $16.60 and its 200-day moving average price is $16.15.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $63.58 million for the quarter. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%. Analysts expect that Triple Flag Precious Metals Corp. will post 0.55 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.055 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.24%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -50.00%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its holdings in Triple Flag Precious Metals by 112.7% during the first quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after buying an additional 4,029 shares during the last quarter. Versor Investments LP bought a new position in Triple Flag Precious Metals during the second quarter worth $160,000. 1832 Asset Management L.P. bought a new position in Triple Flag Precious Metals during the second quarter worth $165,000. CIBC Asset Management Inc bought a new position in Triple Flag Precious Metals during the second quarter worth $179,000. Finally, Magnetar Financial LLC bought a new position in Triple Flag Precious Metals during the second quarter worth $228,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.