Centiva Capital LP Buys New Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Centiva Capital LP bought a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 21,770 shares of the company’s stock, valued at approximately $327,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TFPM. Barclays PLC increased its holdings in Triple Flag Precious Metals by 65.4% during the 4th quarter. Barclays PLC now owns 235,658 shares of the company’s stock worth $3,544,000 after purchasing an additional 93,214 shares in the last quarter. Perfromance Wealth Partners LLC increased its holdings in Triple Flag Precious Metals by 69.6% during the 4th quarter. Perfromance Wealth Partners LLC now owns 68,304 shares of the company’s stock worth $1,027,000 after purchasing an additional 28,026 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Triple Flag Precious Metals by 9.0% during the 4th quarter. Renaissance Technologies LLC now owns 98,900 shares of the company’s stock worth $1,487,000 after purchasing an additional 8,200 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Triple Flag Precious Metals during the 4th quarter worth approximately $464,000. Finally, JPMorgan Chase & Co. increased its holdings in Triple Flag Precious Metals by 24.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 69,094 shares of the company’s stock worth $1,118,000 after purchasing an additional 13,790 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

Triple Flag Precious Metals Price Performance

NYSE:TFPM opened at $22.04 on Monday. The company has a market cap of $4.43 billion, a P/E ratio of -200.36, a P/E/G ratio of 0.78 and a beta of -0.27. The stock’s fifty day moving average price is $19.97 and its two-hundred day moving average price is $17.61. Triple Flag Precious Metals Corp. has a 1 year low of $13.94 and a 1 year high of $22.96.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm 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%. On average, analysts expect that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend yield of 1.00%. Triple Flag Precious Metals’s payout ratio is currently 733.33%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. National Bank Financial raised Triple Flag Precious Metals to a “strong-buy” rating in a report on Wednesday, April 23rd. Raymond James restated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Wednesday. Jefferies Financial Group boosted their target price on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, April 22nd. BMO Capital Markets restated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, April 23rd. Finally, Scotiabank restated a “sector perform” rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.