Parvin Asset Management LLC Buys New Stake in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Parvin Asset Management LLC bought a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 37,918 shares of the company’s stock, valued at approximately $570,000.

Several other large investors have also recently made changes to their positions in the company. Barclays PLC raised its position in Triple Flag Precious Metals by 21.5% during the third quarter. Barclays PLC now owns 142,444 shares of the company’s stock worth $2,304,000 after acquiring an additional 25,220 shares during the period. Geode Capital Management LLC raised its position in Triple Flag Precious Metals by 148.3% during the third quarter. Geode Capital Management LLC now owns 64,744 shares of the company’s stock worth $1,235,000 after acquiring an additional 38,673 shares during the period. Virtu Financial LLC raised its position in Triple Flag Precious Metals by 6.0% during the third quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock worth $244,000 after acquiring an additional 857 shares during the period. Tidal Investments LLC raised its position in Triple Flag Precious Metals by 1.8% during the third quarter. Tidal Investments LLC now owns 533,520 shares of the company’s stock worth $8,632,000 after acquiring an additional 9,184 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Triple Flag Precious Metals by 24.9% during the third quarter. JPMorgan Chase & Co. now owns 69,094 shares of the company’s stock worth $1,118,000 after acquiring an additional 13,790 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Trading Down 1.7 %

Shares of TFPM opened at $20.22 on Wednesday. Triple Flag Precious Metals Corp. has a 12-month low of $13.94 and a 12-month high of $22.96. The firm has a 50-day moving average price of $19.26 and a 200 day moving average price of $17.40. The firm has a market capitalization of $4.06 billion, a P/E ratio of -183.82, a P/E/G ratio of 0.78 and a beta of -0.25.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. The firm had revenue of $74.21 million during the quarter, compared to analyst estimates of $74.10 million. Equities research analysts predict that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Monday, March 3rd. Triple Flag Precious Metals’s dividend payout ratio is currently -200.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BMO Capital Markets restated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Raymond James restated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Friday, April 4th. Jefferies Financial Group increased their target price on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. Scotiabank reiterated a “sector perform” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Finally, National Bank Financial upgraded shares of Triple Flag Precious Metals to a “strong-buy” rating in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Triple Flag Precious Metals currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

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.