Triple Flag Precious Metals Corp. (NYSE:TFPM) Short Interest Update

Triple Flag Precious Metals Corp. (NYSE:TFPM) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 871,800 shares, a drop of 34.0% from the November 30th total of 1,320,000 shares. Based on an average daily trading volume, of 330,400 shares, the short-interest ratio is currently 2.6 days. Approximately 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Triple Flag Precious Metals

Institutional investors have recently modified their holdings of the stock. FMR LLC boosted its position in shares of Triple Flag Precious Metals by 8.9% during the third quarter. FMR LLC now owns 4,061,121 shares of the company’s stock worth $65,761,000 after purchasing an additional 333,574 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Triple Flag Precious Metals by 2.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company’s stock worth $56,588,000 after purchasing an additional 71,894 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Triple Flag Precious Metals by 18.0% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock worth $25,838,000 after buying an additional 242,906 shares during the last quarter. Montrusco Bolton Investments Inc. increased its holdings in shares of Triple Flag Precious Metals by 9.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 697,000 shares of the company’s stock worth $11,299,000 after acquiring an additional 57,751 shares during the last quarter. Finally, Tidal Investments LLC raised its position in shares of Triple Flag Precious Metals by 1.8% in the third quarter. Tidal Investments LLC now owns 533,520 shares of the company’s stock valued at $8,632,000 after purchasing an additional 9,184 shares during the period. 82.91% of the stock is owned by institutional investors.

Triple Flag Precious Metals Stock Performance

TFPM stock traded down $0.27 during trading on Monday, reaching $14.94. 343,756 shares of the stock were exchanged, compared to its average volume of 237,620. Triple Flag Precious Metals has a twelve month low of $11.75 and a twelve month high of $18.88. The company has a current ratio of 3.18, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $3.01 billion, a P/E ratio of -57.46, a price-to-earnings-growth ratio of 0.86 and a beta of -0.18. The stock has a 50 day simple moving average of $16.65 and a 200-day simple moving average of $16.20.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. The firm had revenue of $73.67 million for the quarter. During the same period last year, the firm earned $0.09 EPS. As a group, sell-side analysts anticipate that Triple Flag Precious Metals will post 0.56 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.22 annualized dividend and a yield of 1.47%. Triple Flag Precious Metals’s payout ratio is -84.62%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upped their price objective on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 4th.

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.