Short Interest in Triple Flag Precious Metals Corp. (NYSE:TFPM) Rises By 61.4%

Triple Flag Precious Metals Corp. (NYSE:TFPM) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,630,000 shares, a growth of 61.4% from the October 15th total of 1,010,000 shares. Based on an average daily volume of 233,700 shares, the days-to-cover ratio is currently 7.0 days. Approximately 0.8% of the shares of the company are sold short.

Institutional Trading of Triple Flag Precious Metals

Several large investors have recently bought and sold shares of the business. Tidal Investments LLC bought a new position in shares of Triple Flag Precious Metals in the 1st quarter valued at $6,145,000. Forge First Asset Management Inc. acquired a new stake in Triple Flag Precious Metals during the 1st quarter worth approximately $737,000. American Century Companies Inc. bought a new stake in Triple Flag Precious Metals during the 2nd quarter worth approximately $2,389,000. Acadian Asset Management LLC acquired a new position in Triple Flag Precious Metals in the 2nd quarter valued at approximately $1,705,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Triple Flag Precious Metals during the second quarter valued at $2,191,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Triple Flag Precious Metals Trading Up 0.7 %

TFPM opened at $16.17 on Thursday. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. Triple Flag Precious Metals has a twelve month low of $11.75 and a twelve month high of $18.88. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of -62.19, a P/E/G ratio of 1.04 and a beta of -0.16. The company has a 50-day simple moving average of $16.80 and a 200 day simple moving average of $16.27.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $73.67 million during the quarter. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. During the same period last year, the company posted $0.09 EPS. Analysts predict that Triple Flag Precious Metals will post 0.55 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.055 per share. The ex-dividend date is Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.36%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently -84.62%.

Analyst Upgrades and Downgrades

TFPM has been the subject of several research reports. Jefferies Financial Group raised their price objective on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Scotiabank lifted their price target on Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and three have assigned 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 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.