Townsquare Capital LLC Grows Stock Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Townsquare Capital LLC boosted its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 33.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,501 shares of the company’s stock after purchasing an additional 7,118 shares during the quarter. Townsquare Capital LLC’s holdings in Triple Flag Precious Metals were worth $429,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TFPM. Norges Bank acquired a new position in shares of Triple Flag Precious Metals during the fourth quarter worth about $15,696,000. Arrowstreet Capital Limited Partnership increased its position in shares of Triple Flag Precious Metals by 377.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company’s stock valued at $13,652,000 after purchasing an additional 718,408 shares during the last quarter. Amundi acquired a new stake in shares of Triple Flag Precious Metals in the 4th quarter valued at $8,281,000. Tidal Investments LLC grew its stake in shares of Triple Flag Precious Metals by 1.8% during the third quarter. Tidal Investments LLC now owns 533,520 shares of the company’s stock worth $8,632,000 after purchasing an additional 9,184 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in Triple Flag Precious Metals by 55.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 523,878 shares of the company’s stock valued at $7,863,000 after buying an additional 186,278 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

TFPM has been the subject of several analyst reports. Scotiabank reaffirmed a “sector perform” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Raymond James reissued an “outperform” rating on shares of Triple Flag Precious Metals in a report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Triple Flag Precious Metals Price Performance

Shares of Triple Flag Precious Metals stock opened at $21.94 on Monday. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of -199.46, a PEG ratio of 0.78 and a beta of -0.25. The firm’s fifty day simple moving average is $18.70 and its 200-day simple moving average is $17.15. Triple Flag Precious Metals Corp. has a 12 month low of $13.94 and a 12 month high of $22.46.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $74.21 million during the quarter, compared to the consensus estimate of $74.10 million. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. Analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Monday, March 3rd. Triple Flag Precious Metals’s dividend payout ratio is presently -200.00%.

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.