American Century Companies Inc. Boosts Stake in Triple Flag Precious Metals Corp. (NYSE:TFPM)

American Century Companies Inc. lifted its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 54.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 239,195 shares of the company's stock after purchasing an additional 84,821 shares during the period. American Century Companies Inc. owned 0.12% of Triple Flag Precious Metals worth $3,594,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Virtu Financial LLC raised its stake in Triple Flag Precious Metals by 6.0% in the third quarter. Virtu Financial LLC now owns 15,066 shares of the company's stock worth $244,000 after buying an additional 857 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of Triple Flag Precious Metals by 3.0% during the 3rd quarter. Quadrature Capital Ltd now owns 34,800 shares of the company's stock worth $564,000 after acquiring an additional 1,000 shares during the period. Farther Finance Advisors LLC raised its position in shares of Triple Flag Precious Metals by 175.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock worth $29,000 after acquiring an additional 1,208 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Triple Flag Precious Metals by 8.4% in the 4th quarter. HighTower Advisors LLC now owns 31,432 shares of the company's stock valued at $473,000 after purchasing an additional 2,447 shares during the period. Finally, Versor Investments LP boosted its position in shares of Triple Flag Precious Metals by 19.7% during the fourth quarter. Versor Investments LP now owns 18,204 shares of the company's stock valued at $273,000 after purchasing an additional 3,000 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Performance

Shares of Triple Flag Precious Metals stock traded up $0.78 during midday trading on Friday, hitting $21.39. The company had a trading volume of 545,423 shares, compared to its average volume of 275,697. Triple Flag Precious Metals Corp. has a 52-week low of $13.94 and a 52-week high of $22.53. The stock has a market capitalization of $4.30 billion, a P/E ratio of -194.48, a P/E/G ratio of 0.78 and a beta of -0.25. The company has a 50 day moving average of $18.19 and a 200 day 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 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The firm had revenue of $74.21 million for the quarter, compared to analysts' expectations of $74.10 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. Equities research analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.22 dividend on an annualized basis and a yield of 1.03%. Triple Flag Precious Metals's dividend payout ratio is currently -200.00%.

Analyst Ratings Changes

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

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.