Short Interest in Triple Flag Precious Metals Corp. (NYSE:TFPM) Decreases By 34.0%

Triple Flag Precious Metals Corp. (NYSE:TFPMGet Free Report) saw a significant drop in short interest in 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 volume of 330,400 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Triple Flag Precious Metals by 8.9% during the 3rd quarter. FMR LLC now owns 4,061,121 shares of the company’s stock valued at $65,761,000 after buying an additional 333,574 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings 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 valued at $25,838,000 after purchasing an additional 242,906 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Triple Flag Precious Metals by 151.1% in the third quarter. Bank of Montreal Can now owns 367,936 shares of the company’s stock worth $6,042,000 after purchasing an additional 221,389 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Triple Flag Precious Metals in the second quarter valued at approximately $2,389,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Triple Flag Precious Metals during the 2nd quarter valued at approximately $2,191,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised their price objective on 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.

Check Out Our Latest Stock Analysis on TFPM

Triple Flag Precious Metals Stock Performance

Shares of Triple Flag Precious Metals stock traded down $0.27 during mid-day trading on Monday, hitting $14.94. 343,756 shares of the stock were exchanged, compared to its average volume of 237,620. The company has a market capitalization of $3.01 billion, a P/E ratio of -57.46, a P/E/G ratio of 0.86 and a beta of -0.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.18. The company has a 50-day simple moving average of $16.65 and a 200 day simple moving average of $16.20. Triple Flag Precious Metals has a 12 month low of $11.75 and a 12 month high of $18.88.

Triple Flag Precious Metals (NYSE:TFPMGet Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate 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 prior year, the firm posted $0.09 EPS. Sell-side analysts anticipate that Triple Flag Precious Metals will post 0.56 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.055 per share. The ex-dividend date was Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a yield of 1.47%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -84.62%.

About Triple Flag Precious Metals

(Get Free Report)

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.

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