Barclays PLC Has $2.30 Million Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Barclays PLC increased its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 21.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 142,444 shares of the company’s stock after purchasing an additional 25,220 shares during the period. Barclays PLC owned about 0.07% of Triple Flag Precious Metals worth $2,304,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds 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 in the third quarter worth $111,000. Versor Investments LP purchased a new position in Triple Flag Precious Metals during the 2nd quarter valued at about $160,000. 1832 Asset Management L.P. acquired a new position in shares of Triple Flag Precious Metals in the 2nd quarter valued at about $165,000. CIBC Asset Management Inc purchased a new stake in shares of Triple Flag Precious Metals in the second quarter worth approximately $179,000. Finally, XTX Topco Ltd acquired a new stake in shares of Triple Flag Precious Metals during the third quarter worth approximately $220,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upped their price objective on shares of 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 issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Triple Flag Precious Metals Trading Down 0.1 %

Shares of NYSE TFPM opened at $15.21 on Thursday. The business has a 50 day simple moving average of $16.73 and a 200 day simple moving average of $16.19. Triple Flag Precious Metals Corp. has a 52 week low of $11.75 and a 52 week high of $18.88. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of -58.50, a PEG 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.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $73.67 million during the quarter. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, research analysts predict that Triple Flag Precious Metals Corp. will post 0.56 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, November 29th. Triple Flag Precious Metals’s payout ratio is -84.62%.

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.