Short Interest in Triple Flag Precious Metals Corp. (NYSE:TFPM) Rises By 61.4%

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,630,000 shares, a growth of 61.4% from the October 15th total of 1,010,000 shares. Based on an average daily trading volume, of 233,700 shares, the short-interest ratio is presently 7.0 days. Currently, 0.8% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several research firms have recently commented on TFPM. Scotiabank lifted 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 research note on Monday, August 19th. Jefferies Financial Group lifted 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 research note on Friday, October 4th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $20.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new stake in shares of Triple Flag Precious Metals during the first quarter worth about $6,145,000. Forge First Asset Management Inc. purchased a new stake in shares of Triple Flag Precious Metals during the first quarter worth about $737,000. American Century Companies Inc. purchased a new stake in shares of Triple Flag Precious Metals during the second quarter worth about $2,389,000. Acadian Asset Management LLC purchased a new stake in Triple Flag Precious Metals during the 2nd quarter valued at about $1,705,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Triple Flag Precious Metals during the 2nd quarter valued at about $2,191,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Performance

NYSE TFPM traded up $0.25 on Thursday, reaching $16.42. 674,818 shares of the company's stock traded hands, compared to its average volume of 217,412. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of -62.19, a P/E/G ratio of 1.04 and a beta of -0.16. The stock has a 50 day moving average price of $16.81 and a 200-day moving average price of $16.27. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $18.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.18.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates 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 in the previous year, the firm posted $0.09 EPS. Equities research analysts predict that Triple Flag Precious Metals will post 0.55 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.055 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a yield of 1.34%. Triple Flag Precious Metals's payout ratio is -84.62%.

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.