Triple Flag Precious Metals (NYSE:TFPM) Shares Gap Down – What’s Next?

Triple Flag Precious Metals Corp. (NYSE:TFPM) gapped down prior to trading on Tuesday . The stock had previously closed at $14.94, but opened at $14.55. Triple Flag Precious Metals shares last traded at $14.90, with a volume of 89,626 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group boosted 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 report on Friday, October 4th.

Triple Flag Precious Metals Stock Performance

The firm’s 50-day moving average price is $16.51 and its 200-day moving average price is $16.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.18 and a quick ratio of 3.05. The stock has a market cap of $3.03 billion, a P/E ratio of -57.85, a PEG ratio of 0.86 and a beta of -0.18.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. The business had revenue of $73.67 million for the quarter. During the same period in the previous year, the firm earned $0.09 EPS. Sell-side analysts expect that Triple Flag Precious Metals Corp. will post 0.56 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.055 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.46%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -84.62%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC lifted its stake in Triple Flag Precious Metals by 8.9% in 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 during the last quarter. Van ECK Associates Corp lifted 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 acquiring an additional 71,894 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Triple Flag Precious Metals by 18.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock valued at $25,838,000 after acquiring an additional 242,906 shares during the period. Montrusco Bolton Investments Inc. boosted its holdings in 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 valued at $11,299,000 after acquiring an additional 57,751 shares during the period. Finally, Tidal Investments LLC grew its position in Triple Flag Precious Metals by 1.8% in the 3rd quarter. Tidal Investments LLC now owns 533,520 shares of the company’s stock valued at $8,632,000 after acquiring an additional 9,184 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.