Drive Wealth Management LLC Takes Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Drive Wealth Management LLC bought a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,657 shares of the company’s stock, valued at approximately $175,000.

Several other institutional investors have also recently added to or reduced their stakes in TFPM. Point72 Asset Management L.P. acquired a new stake in shares of Triple Flag Precious Metals during the third quarter worth about $111,000. XTX Topco Ltd acquired a new position in Triple Flag Precious Metals during the third quarter worth approximately $220,000. Virtu Financial LLC lifted its stake in Triple Flag Precious Metals by 6.0% in the third quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock valued at $244,000 after buying an additional 857 shares during the last quarter. Versor Investments LP boosted its holdings in shares of Triple Flag Precious Metals by 47.6% in the third quarter. Versor Investments LP now owns 15,204 shares of the company’s stock valued at $246,000 after acquiring an additional 4,904 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Triple Flag Precious Metals in the third quarter valued at approximately $278,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Up 1.2 %

Triple Flag Precious Metals stock opened at $15.81 on Wednesday. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of -60.81, a PEG ratio of 0.69 and a beta of -0.09. The company has a current ratio of 3.18, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $15.89 and a two-hundred day moving average of $16.19. Triple Flag Precious Metals Corp. has a twelve month low of $11.75 and a twelve month high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM) last posted 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 firm had revenue of $73.67 million for the quarter. During the same quarter last year, the business earned $0.09 earnings per share. As a group, research analysts expect that Triple Flag Precious Metals Corp. will post 0.55 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.055 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a yield of 1.39%. Triple Flag Precious Metals’s payout ratio is currently -84.62%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upped their price target on shares of 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 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.