Van ECK Associates Corp Boosts Stock Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Van ECK Associates Corp boosted its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,497,411 shares of the company's stock after purchasing an additional 71,894 shares during the period. Van ECK Associates Corp owned about 1.74% of Triple Flag Precious Metals worth $56,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versor Investments LP bought a new position in Triple Flag Precious Metals in the second quarter worth about $160,000. 1832 Asset Management L.P. bought a new position in Triple Flag Precious Metals in the second quarter worth $165,000. CIBC Asset Management Inc purchased a new position in Triple Flag Precious Metals during the second quarter valued at $179,000. Magnetar Financial LLC bought a new stake in Triple Flag Precious Metals during the second quarter worth about $228,000. Finally, Meixler Investment Management Ltd. grew its stake in shares of Triple Flag Precious Metals by 12.0% in the 1st quarter. Meixler Investment Management Ltd. now owns 16,325 shares of the company's stock worth $236,000 after buying an additional 1,750 shares during the last quarter. Institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Performance

Shares of TFPM stock traded up $0.12 during trading hours on Monday, reaching $17.14. The company had a trading volume of 209,062 shares, compared to its average volume of 210,840. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.59 and a current ratio of 5.80. The business has a fifty day moving average price of $16.72 and a 200-day moving average price of $16.22. Triple Flag Precious Metals Corp. has a one year low of $11.75 and a one year high of $18.88. The firm has a market cap of $3.45 billion, a PE ratio of -38.95, a price-to-earnings-growth ratio of 1.13 and a beta of -0.16.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $63.58 million for the quarter. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%. Sell-side analysts predict that Triple Flag Precious Metals Corp. will post 0.55 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.055 per share. The ex-dividend date was Friday, August 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.28%. Triple Flag Precious Metals's payout ratio is currently -50.00%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TFPM shares. Jefferies Financial Group lifted their target price on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Scotiabank boosted their price objective on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.