Whitebox Advisors LLC Reduces Stock Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Whitebox Advisors LLC trimmed its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,054,703 shares of the company's stock after selling 174,956 shares during the period. Triple Flag Precious Metals comprises 1.4% of Whitebox Advisors LLC's holdings, making the stock its 11th biggest holding. Whitebox Advisors LLC owned approximately 1.52% of Triple Flag Precious Metals worth $49,431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TFPM. Quadrature Capital Ltd boosted its stake in shares of Triple Flag Precious Metals by 3.0% during the third quarter. Quadrature Capital Ltd now owns 34,800 shares of the company's stock valued at $564,000 after purchasing an additional 1,000 shares during the period. Versor Investments LP lifted its holdings in Triple Flag Precious Metals by 47.6% during the 3rd quarter. Versor Investments LP now owns 15,204 shares of the company's stock valued at $246,000 after buying an additional 4,904 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Triple Flag Precious Metals in the 3rd quarter valued at about $111,000. Meixler Investment Management Ltd. grew its stake in Triple Flag Precious Metals by 43.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 23,862 shares of the company's stock worth $386,000 after acquiring an additional 7,262 shares in the last quarter. Finally, Aigen Investment Management LP increased its position in shares of Triple Flag Precious Metals by 47.4% during the third quarter. Aigen Investment Management LP now owns 23,894 shares of the company's stock worth $387,000 after acquiring an additional 7,680 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Down 2.5 %

Triple Flag Precious Metals stock traded down $0.42 during trading hours on Friday, reaching $16.27. The stock had a trading volume of 178,511 shares, compared to its average volume of 395,772. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.18 and a quick ratio of 3.05. The company has a market cap of $3.28 billion, a price-to-earnings ratio of -62.58, a PEG ratio of 0.89 and a beta of -0.18. The business's 50 day moving average price is $16.81 and its 200-day moving average price is $16.27. Triple Flag Precious Metals Corp. has a 52 week low of $11.75 and a 52 week high of $18.88.

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

Triple Flag Precious Metals Announces Dividend

The firm also recently declared 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. This represents a $0.22 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, November 29th. Triple Flag Precious Metals's dividend payout ratio is presently -84.62%.

Wall Street Analyst Weigh In

TFPM has been the topic of several research analyst reports. Scotiabank increased their price objective on 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 raised their price target on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.