Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 70.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,265 shares of the company’s stock after selling 144,007 shares during the period. Jane Street Group LLC’s holdings in Triple Flag Precious Metals were worth $890,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at approximately $15,696,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Triple Flag Precious Metals by 377.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company’s stock valued at $13,652,000 after acquiring an additional 718,408 shares during the period. Amundi acquired a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at approximately $8,281,000. Hillsdale Investment Management Inc. increased its stake in shares of Triple Flag Precious Metals by 55.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 523,878 shares of the company’s stock valued at $7,863,000 after acquiring an additional 186,278 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Triple Flag Precious Metals by 35.1% during the fourth quarter. Bank of Montreal Can now owns 497,084 shares of the company’s stock valued at $7,460,000 after acquiring an additional 129,148 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TFPM shares. National Bank Financial upgraded shares of Triple Flag Precious Metals to a “strong-buy” rating in a research note on Wednesday, April 23rd. Jefferies Financial Group lifted their price target on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. Raymond James restated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th. Scotiabank restated a “sector perform” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Triple Flag Precious Metals Stock Performance

NYSE:TFPM opened at $21.79 on Friday. The firm’s 50-day moving average is $20.42 and its 200-day moving average is $17.82. Triple Flag Precious Metals Corp. has a 52-week low of $13.94 and a 52-week high of $22.96. The company has a market cap of $4.37 billion, a price-to-earnings ratio of -198.05, a PEG ratio of 0.78 and a beta of -0.27.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. The business had revenue of $82.25 million for the quarter, compared to analysts’ expectations of $72.14 million. Equities analysts predict that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.01%. The ex-dividend date is Friday, May 30th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 733.33%.

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.