Triple Flag Precious Metals Corp. (NYSE:TFPM) Short Interest Update

Triple Flag Precious Metals Corp. (NYSE:TFPM) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,630,000 shares, an increase of 61.4% from the October 15th total of 1,010,000 shares. Based on an average daily volume of 233,700 shares, the days-to-cover ratio is currently 7.0 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Investors Weigh In On Triple Flag Precious Metals

A number of large investors have recently modified their holdings of the stock. Point72 Asset Management L.P. bought a new position in shares of Triple Flag Precious Metals during the third quarter worth $111,000. Versor Investments LP bought a new position in Triple Flag Precious Metals during the 2nd quarter worth about $160,000. 1832 Asset Management L.P. bought a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at about $165,000. CIBC Asset Management Inc bought a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at about $179,000. Finally, XTX Topco Ltd purchased a new position in shares of Triple Flag Precious Metals in the 3rd quarter valued at approximately $220,000. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Performance

Triple Flag Precious Metals stock opened at $16.18 on Friday. The firm’s fifty day moving average price is $16.83 and its 200-day moving average price is $16.27. 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 stock has a market cap of $3.26 billion, a P/E ratio of -62.23, a price-to-earnings-growth ratio of 1.05 and a beta of -0.16. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $73.67 million for 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 quarter in the previous year, the business earned $0.09 EPS. On average, equities research analysts expect that Triple Flag Precious Metals will post 0.55 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, November 29th. Triple Flag Precious Metals’s payout ratio is -84.62%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TFPM shares. Scotiabank upped their price objective on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group upped their target price on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

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.