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

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

Institutional Investors Weigh In On Triple Flag Precious Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Townsquare Capital LLC boosted its holdings in shares of Triple Flag Precious Metals by 66.7% in the 3rd quarter. Townsquare Capital LLC now owns 21,383 shares of the company’s stock valued at $346,000 after buying an additional 8,552 shares during the last quarter. FMR LLC raised its position in Triple Flag Precious Metals by 8.9% during the third quarter. FMR LLC now owns 4,061,121 shares of the company’s stock worth $65,761,000 after acquiring an additional 333,574 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Triple Flag Precious Metals by 31.2% in the third quarter. The Manufacturers Life Insurance Company now owns 153,803 shares of the company’s stock valued at $2,490,000 after acquiring an additional 36,548 shares during the last quarter. Bank of Montreal Can lifted its stake in Triple Flag Precious Metals by 151.1% in the third quarter. Bank of Montreal Can now owns 367,936 shares of the company’s stock valued at $6,042,000 after acquiring an additional 221,389 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. grew its position in shares of Triple Flag Precious Metals by 9.0% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 697,000 shares of the company’s stock valued at $11,299,000 after acquiring an additional 57,751 shares during the period. 82.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on TFPM shares. Scotiabank upped their target price on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group increased their price objective on Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Triple Flag Precious Metals Stock Up 0.7 %

Triple Flag Precious Metals stock opened at $16.17 on Thursday. The company’s 50 day simple moving average is $16.80 and its 200 day simple moving average is $16.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.18 and a quick ratio of 3.05. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of -62.19, a PEG ratio of 1.04 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 released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $73.67 million for the quarter. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. During the same quarter last year, the firm earned $0.09 EPS. As a group, sell-side analysts anticipate that Triple Flag Precious Metals will post 0.55 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, November 29th. This represents a $0.22 annualized dividend and a dividend yield of 1.36%. Triple Flag Precious Metals’s dividend payout ratio is currently -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.