Triple Flag Precious Metals (NYSE:TFPM) Stock Price Down 3.2% – Time to Sell?

Triple Flag Precious Metals Corp. (NYSE:TFPM) shares were down 3.2% during trading on Monday . The company traded as low as $17.62 and last traded at $17.63. Approximately 206,562 shares were traded during trading, an increase of 0% from the average daily volume of 205,673 shares. The stock had previously closed at $18.22.

Analyst Upgrades and Downgrades

TFPM has been the topic of several recent analyst reports. Scotiabank raised their price target on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group lifted their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.50.

Triple Flag Precious Metals Trading Down 2.1 %

The stock has a market capitalization of $3.51 billion, a P/E ratio of -39.77, a P/E/G ratio of 1.23 and a beta of -0.14. The stock’s 50 day moving average price is $16.66 and its 200-day moving average price is $16.18. The company has a quick ratio of 5.59, a current ratio of 5.80 and a debt-to-equity ratio of 0.01.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Wednesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 positive return on equity of 4.73% and a negative net margin of 40.62%. As a group, equities research analysts expect that Triple Flag Precious Metals Corp. will post 0.55 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders 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 yield of 1.26%. Triple Flag Precious Metals’s dividend payout ratio is presently -50.00%.

Institutional Trading of Triple Flag Precious Metals

Institutional investors have recently modified their holdings of the company. Versor Investments LP acquired a new stake in shares of Triple Flag Precious Metals in the 2nd quarter worth $160,000. 1832 Asset Management L.P. acquired a new stake in Triple Flag Precious Metals in the second quarter worth about $165,000. CIBC Asset Management Inc purchased a new stake in shares of Triple Flag Precious Metals during the second quarter worth about $179,000. Magnetar Financial LLC acquired a new position in shares of Triple Flag Precious Metals during the second quarter valued at about $228,000. Finally, Meixler Investment Management Ltd. increased its holdings in shares of Triple Flag Precious Metals by 12.0% during the first quarter. Meixler Investment Management Ltd. now owns 16,325 shares of the company’s stock valued at $236,000 after acquiring an additional 1,750 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

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.