Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 148.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,744 shares of the company's stock after purchasing an additional 38,673 shares during the period. Geode Capital Management LLC's holdings in Triple Flag Precious Metals were worth $1,235,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. purchased a new position in Triple Flag Precious Metals during the third quarter worth $111,000. 1832 Asset Management L.P. purchased a new stake in shares of Triple Flag Precious Metals during the second quarter worth about $165,000. XTX Topco Ltd acquired a new position in shares of Triple Flag Precious Metals in the third quarter valued at approximately $220,000. Magnetar Financial LLC purchased a new position in Triple Flag Precious Metals during the second quarter worth about $228,000. Finally, Versor Investments LP boosted its stake in Triple Flag Precious Metals by 47.6% in the 3rd quarter. Versor Investments LP now owns 15,204 shares of the company's stock worth $246,000 after buying an additional 4,904 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Triple Flag Precious Metals Trading Up 0.7 %

Shares of NYSE TFPM traded up $0.10 during midday trading on Friday, hitting $15.48. The stock had a trading volume of 259,669 shares, compared to its average volume of 234,195. The company has a fifty day moving average price of $16.11 and a 200 day moving average price of $16.19. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. Triple Flag Precious Metals Corp. has a 1-year low of $11.75 and a 1-year high of $18.88. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of -59.54, a PEG ratio of 0.86 and a beta of -0.09.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. The company had revenue of $73.67 million during the quarter. During the same period last year, the business earned $0.09 EPS. On average, analysts predict that Triple Flag Precious Metals Corp. will post 0.56 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Friday, November 29th. Triple Flag Precious Metals's dividend payout ratio is currently -84.62%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group increased their price objective 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.

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.