Raymond James Financial Inc. Invests $464,000 in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Raymond James Financial Inc. purchased a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 30,830 shares of the company's stock, valued at approximately $464,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TFPM. Tidal Investments LLC lifted its stake in shares of Triple Flag Precious Metals by 1.8% during the third 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 period. Jane Street Group LLC grew its holdings in Triple Flag Precious Metals by 111.8% during the third quarter. Jane Street Group LLC now owns 203,272 shares of the company's stock valued at $3,291,000 after purchasing an additional 107,312 shares during the period. Barclays PLC increased its stake in Triple Flag Precious Metals by 21.5% during the 3rd quarter. Barclays PLC now owns 142,444 shares of the company's stock worth $2,304,000 after purchasing an additional 25,220 shares in the last quarter. JPMorgan Chase & Co. raised 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 buying an additional 13,790 shares during the period. Finally, Perfromance Wealth Partners LLC lifted its stake in Triple Flag Precious Metals by 69.6% in the fourth quarter. Perfromance Wealth Partners LLC now owns 68,304 shares of the company's stock valued at $1,027,000 after buying an additional 28,026 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Triple Flag Precious Metals Price Performance

TFPM stock traded up $0.78 during mid-day trading on Friday, reaching $21.39. The company had a trading volume of 545,423 shares, compared to its average volume of 275,722. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of -194.48, a PEG ratio of 0.78 and a beta of -0.25. Triple Flag Precious Metals Corp. has a 52 week low of $13.94 and a 52 week high of $21.65. The stock has a 50 day simple moving average of $18.19 and a two-hundred day simple moving average of $16.96.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $74.21 million during the quarter, compared to analysts' expectations of $74.10 million. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. On average, equities analysts predict that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.055 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.22 annualized dividend and a yield of 1.03%. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently -200.00%.

Wall Street Analyst Weigh In

Separately, Raymond James restated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Friday, April 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $20.50.

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.