Principal Street Partners LLC Boosts Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Principal Street Partners LLC grew its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,755 shares of the company’s stock after purchasing an additional 1,001 shares during the period. Principal Street Partners LLC’s holdings in Triple Flag Precious Metals were worth $372,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in Triple Flag Precious Metals by 175.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company’s stock valued at $29,000 after acquiring an additional 1,208 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in shares of Triple Flag Precious Metals in the 4th quarter valued at approximately $45,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Triple Flag Precious Metals during the fourth quarter valued at approximately $134,000. Drive Wealth Management LLC bought a new stake in shares of Triple Flag Precious Metals during the fourth quarter valued at approximately $175,000. Finally, XTX Topco Ltd grew its stake in Triple Flag Precious Metals by 9.1% in the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company’s stock worth $223,000 after purchasing an additional 1,238 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Up 2.2%

NYSE:TFPM opened at $20.33 on Tuesday. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of -184.82, a PEG ratio of 0.78 and a beta of -0.27. The company’s 50 day moving average price is $20.23 and its 200-day moving average price is $17.71. Triple Flag Precious Metals Corp. has a 52 week low of $13.94 and a 52 week high of $22.96.

Triple Flag Precious Metals (NYSE:TFPM) last issued its earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $82.25 million for the quarter, compared to the consensus estimate of $72.14 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. As a group, sell-side analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.055 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.22 annualized dividend and a yield of 1.08%. Triple Flag Precious Metals’s payout ratio is 733.33%.

Analysts Set New Price Targets

TFPM has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Scotiabank restated a “sector perform” rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Jefferies Financial Group raised their price objective on Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. Raymond James reissued an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. Finally, National Bank Financial raised Triple Flag Precious Metals to a “strong-buy” rating in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.00.

Triple Flag Precious Metals 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.