Jane Street Group LLC Raises Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Jane Street Group LLC boosted its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 111.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 203,272 shares of the company's stock after buying an additional 107,312 shares during the period. Jane Street Group LLC owned approximately 0.10% of Triple Flag Precious Metals worth $3,291,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new position in shares of Triple Flag Precious Metals in the 3rd quarter worth $111,000. Versor Investments LP bought a new position in Triple Flag Precious Metals in the second quarter valued at $160,000. 1832 Asset Management L.P. purchased a new stake in Triple Flag Precious Metals during the second quarter valued at about $165,000. CIBC Asset Management Inc bought a new stake in Triple Flag Precious Metals during the second quarter worth about $179,000. Finally, Magnetar Financial LLC purchased a new position in shares of Triple Flag Precious Metals in the 2nd quarter worth about $228,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised their price objective on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a "buy" rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Triple Flag Precious Metals has a consensus rating of "Moderate Buy" and a consensus price target of $20.50.

Triple Flag Precious Metals Trading Down 1.0 %

NYSE TFPM traded down $0.16 during trading on Friday, hitting $15.22. 1,701,393 shares of the company's stock traded hands, compared to its average volume of 236,473. The firm has a market cap of $3.07 billion, a P/E ratio of -58.54, a PEG ratio of 0.86 and a beta of -0.18. The stock has a fifty day moving average of $16.81 and a two-hundred day moving average of $16.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.18 and a quick ratio of 3.05. Triple Flag Precious Metals Corp. has a 12-month low of $11.75 and a 12-month high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. The business had revenue of $73.67 million for the quarter. During the same quarter in the previous year, the business earned $0.09 earnings per share. As a group, sell-side analysts expect that Triple Flag Precious Metals Corp. will post 0.56 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.055 per share. The ex-dividend date was Friday, November 29th. This represents a $0.22 annualized dividend and a yield of 1.45%. Triple Flag Precious Metals's payout ratio is currently -84.62%.

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.