Triple Flag Precious Metals (NYSE:TFPM) Shares Gap Down - Here's What Happened

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $14.94, but opened at $14.55. Triple Flag Precious Metals shares last traded at $14.90, with a volume of 89,626 shares.

Analysts Set New Price Targets

Separately, Jefferies Financial Group increased their price objective on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, October 4th.

Triple Flag Precious Metals Stock Performance

The firm has a market cap of $3.03 billion, a P/E ratio of -57.85, a P/E/G ratio of 0.86 and a beta of -0.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.18. The business's 50-day simple moving average is $16.51 and its 200 day simple moving average is $16.20.

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

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, November 29th. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently -84.62%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new position in shares of Triple Flag Precious Metals during the 3rd quarter valued at approximately $111,000. Versor Investments LP bought a new position in shares of Triple Flag Precious Metals in the second quarter worth approximately $160,000. 1832 Asset Management L.P. purchased a new stake in shares of Triple Flag Precious Metals in the second quarter worth $165,000. CIBC Asset Management Inc bought a new stake in shares of Triple Flag Precious Metals during the 2nd quarter valued at $179,000. Finally, XTX Topco Ltd purchased a new position in shares of Triple Flag Precious Metals during the 3rd quarter valued at $220,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

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.