1,045,888 Shares in Triple Flag Precious Metals Corp. (NYSE:TFPM) Purchased by Norges Bank

Norges Bank bought a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,045,888 shares of the company's stock, valued at approximately $15,696,000. Norges Bank owned 0.52% of Triple Flag Precious Metals at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TFPM. Hillsdale Investment Management Inc. lifted its position in Triple Flag Precious Metals by 55.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 523,878 shares of the company's stock worth $7,863,000 after acquiring an additional 186,278 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Triple Flag Precious Metals by 54.9% during the fourth quarter. American Century Companies Inc. now owns 239,195 shares of the company's stock worth $3,594,000 after purchasing an additional 84,821 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in shares of Triple Flag Precious Metals in the fourth quarter valued at $45,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Triple Flag Precious Metals by 92.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 96,600 shares of the company's stock valued at $1,450,000 after purchasing an additional 46,500 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Triple Flag Precious Metals by 175.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock worth $29,000 after buying an additional 1,208 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Up 3.8 %

Shares of TFPM 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. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of -194.48, a PEG ratio of 0.78 and a beta of -0.25. The company's 50 day moving average price is $18.19 and its 200 day moving average price is $16.96. Triple Flag Precious Metals Corp. has a 52 week low of $13.94 and a 52 week high of $21.65.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings data 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. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. The firm had revenue of $74.21 million during the quarter, compared to analyst estimates of $74.10 million. Equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Raymond James reaffirmed 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.