Triple Flag Precious Metals (NYSE:TFPM) Shares Down 5.4%

Triple Flag Precious Metals Corp. (NYSE:TFPM) shares fell 5.4% during mid-day trading on Friday . The stock traded as low as $15.50 and last traded at $15.50. 103,603 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 193,827 shares. The stock had previously closed at $16.38.

Wall Street Analyst Weigh In

Several research analysts have commented on TFPM shares. Jefferies Financial Group lifted their price target on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $19.00 price target (up from $15.00) on shares of Triple Flag Precious Metals in a research report on Wednesday, May 29th. Bank of America lifted their price objective on Triple Flag Precious Metals from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, Scotiabank raised their price target on Triple Flag Precious Metals from $19.00 to $20.50 and gave the stock a “sector outperform” rating in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.83.

Triple Flag Precious Metals Trading Down 4.1 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 4.40 and a quick ratio of 4.40. The firm’s 50 day moving average price is $16.17 and its 200 day moving average price is $14.43. The stock has a market capitalization of $3.16 billion, a P/E ratio of 83.06, a P/E/G ratio of 1.00 and a beta of -0.14.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $57.53 million during the quarter. Triple Flag Precious Metals had a return on equity of 4.17% and a net margin of 17.59%. As a group, equities research analysts expect that Triple Flag Precious Metals Corp. will post 0.49 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.052 dividend. This represents a $0.21 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Friday, May 31st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently 110.53%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several institutional investors and hedge funds have recently modified their holdings of TFPM. Sunbelt Securities Inc. lifted its holdings in Triple Flag Precious Metals by 112.7% in 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 period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Triple Flag Precious Metals by 51.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,125 shares of the company’s stock valued at $175,000 after purchasing an additional 4,475 shares during the period. Meixler Investment Management Ltd. boosted its position in shares of Triple Flag Precious Metals by 8.4% during the fourth quarter. Meixler Investment Management Ltd. now owns 14,575 shares of the company’s stock valued at $194,000 after purchasing an additional 1,125 shares in the last quarter. LB Partners LLC purchased a new stake in Triple Flag Precious Metals in the fourth quarter worth $198,000. Finally, Aigen Investment Management LP bought a new position in Triple Flag Precious Metals in the fourth quarter worth $209,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

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.