BNP Paribas Financial Markets Takes Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

BNP Paribas Financial Markets purchased a new stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 23,785 shares of the company’s stock, valued at approximately $358,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its position in shares of Triple Flag Precious Metals by 65.4% during the fourth quarter. Barclays PLC now owns 235,658 shares of the company’s stock valued at $3,544,000 after buying an additional 93,214 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Triple Flag Precious Metals during the fourth quarter valued at about $464,000. Renaissance Technologies LLC increased its position in shares of Triple Flag Precious Metals by 9.0% during the fourth quarter. Renaissance Technologies LLC now owns 98,900 shares of the company’s stock valued at $1,487,000 after buying an additional 8,200 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Triple Flag Precious Metals by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 421,461 shares of the company’s stock valued at $6,339,000 after buying an additional 21,012 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Triple Flag Precious Metals by 15.4% during the fourth quarter. Geode Capital Management LLC now owns 74,739 shares of the company’s stock valued at $1,124,000 after buying an additional 9,995 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Trading Up 3.1%

TFPM stock opened at $21.79 on Tuesday. The company’s 50 day moving average is $20.47 and its 200 day moving average is $17.86. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of -198.05, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27. Triple Flag Precious Metals Corp. has a 1-year low of $13.94 and a 1-year high of $22.96.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 EPS 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. As a group, sell-side analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Scotiabank reiterated a “sector perform” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Raymond James restated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th. Jefferies Financial Group upped their price objective 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. BMO Capital Markets restated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Finally, National Bank Financial upgraded shares of Triple Flag Precious Metals to a “strong-buy” rating in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Triple Flag Precious Metals has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

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.