Raymond James Financial Inc. Takes $464,000 Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Raymond James Financial Inc. bought a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,830 shares of the company’s stock, valued at approximately $464,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TFPM. Geode Capital Management LLC increased its position in shares of 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 last quarter. Perfromance Wealth Partners LLC lifted its holdings in Triple Flag Precious Metals by 69.6% in the fourth quarter. Perfromance Wealth Partners LLC now owns 68,304 shares of the company’s stock worth $1,027,000 after purchasing an additional 28,026 shares during the period. Barclays PLC boosted its stake in Triple Flag Precious Metals by 21.5% during the 3rd quarter. Barclays PLC now owns 142,444 shares of the company’s stock valued at $2,304,000 after purchasing an additional 25,220 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Triple Flag Precious Metals by 9.0% in the 4th quarter. Renaissance Technologies LLC now owns 98,900 shares of the company’s stock worth $1,487,000 after purchasing an additional 8,200 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of 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 purchasing 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 Price Performance

Triple Flag Precious Metals stock opened at $22.04 on Friday. The business has a 50 day simple moving average of $19.97 and a 200 day simple moving average of $17.62. Triple Flag Precious Metals Corp. has a one year low of $13.94 and a one year high of $22.96. The company has a market capitalization of $4.43 billion, a PE ratio of -200.36, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $82.25 million during the quarter, compared to analyst estimates of $72.14 million. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. Equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.00%. Triple Flag Precious Metals’s payout ratio is -200.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. National Bank Financial raised Triple Flag Precious Metals to a “strong-buy” rating in a research report on Wednesday, April 23rd. Scotiabank reaffirmed a “sector perform” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Raymond James reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. Finally, Jefferies Financial Group upped their price objective 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. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Triple Flag Precious Metals presently 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.