Arrowstreet Capital Limited Partnership Buys 718,408 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Arrowstreet Capital Limited Partnership boosted its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 377.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 908,888 shares of the company's stock after buying an additional 718,408 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.45% of Triple Flag Precious Metals worth $13,652,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC boosted its holdings in Triple Flag Precious Metals by 103.4% during the third quarter. Orion Portfolio Solutions LLC now owns 46,902 shares of the company's stock worth $759,000 after purchasing an additional 23,840 shares during the last quarter. Geode Capital Management LLC increased its position in Triple Flag Precious Metals by 148.3% in the third quarter. Geode Capital Management LLC now owns 64,744 shares of the company's stock worth $1,235,000 after buying an additional 38,673 shares during the last quarter. FMR LLC raised its stake in Triple Flag Precious Metals by 8.9% in the 3rd quarter. FMR LLC now owns 4,061,121 shares of the company's stock valued at $65,761,000 after acquiring an additional 333,574 shares during the period. Walleye Capital LLC purchased a new stake in shares of Triple Flag Precious Metals during the 3rd quarter valued at approximately $1,128,000. Finally, Jane Street Group LLC lifted its position in shares of 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 worth $3,291,000 after acquiring an additional 107,312 shares in the last quarter. Institutional investors own 82.91% of the company's stock.

Wall Street Analyst Weigh In

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

Triple Flag Precious Metals Stock Up 8.2 %

NYSE:TFPM traded up $1.51 during midday trading on Wednesday, hitting $19.86. The company had a trading volume of 709,778 shares, compared to its average volume of 273,097. The company has a market capitalization of $3.99 billion, a PE ratio of -180.55, a P/E/G ratio of 0.78 and a beta of -0.25. The stock's fifty day moving average price is $18.00 and its 200-day moving average price is $16.91. Triple Flag Precious Metals Corp. has a 52-week low of $13.94 and a 52-week high of $20.19.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued 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 company had revenue of $74.21 million for 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%. As a group, research analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.055 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.22 annualized dividend and a yield of 1.11%. Triple Flag Precious Metals's payout ratio is currently -200.00%.

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.