Arrowstreet Capital Limited Partnership Has $13.65 Million Stock Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Arrowstreet Capital Limited Partnership boosted its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 377.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 908,888 shares of the company’s stock after purchasing an additional 718,408 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Triple Flag Precious Metals were worth $13,652,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TFPM. FMR LLC raised its position in shares of Triple Flag Precious Metals by 8.9% during the third quarter. FMR LLC now owns 4,061,121 shares of the company’s stock valued at $65,761,000 after buying an additional 333,574 shares during the last quarter. Norges Bank bought a new stake in shares of Triple Flag Precious Metals in the 4th quarter worth approximately $15,696,000. Amundi acquired a new stake in shares of Triple Flag Precious Metals during the 4th quarter worth approximately $8,281,000. Tidal Investments LLC raised its stake in shares of Triple Flag Precious Metals by 1.8% in the third quarter. Tidal Investments LLC now owns 533,520 shares of the company’s stock valued at $8,632,000 after purchasing an additional 9,184 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its position in Triple Flag Precious Metals by 55.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 523,878 shares of the company’s stock worth $7,863,000 after purchasing an additional 186,278 shares during the period. 82.91% of the stock is owned by institutional investors.

Triple Flag Precious Metals Stock Performance

Shares of Triple Flag Precious Metals stock opened at $18.43 on Friday. Triple Flag Precious Metals Corp. has a twelve month low of $13.94 and a twelve month high of $19.90. The firm has a market cap of $3.70 billion, a P/E ratio of -167.51, a price-to-earnings-growth ratio of 0.78 and a beta of -0.08. The firm’s 50-day simple moving average is $17.69 and its 200-day simple moving average is $16.84.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. The firm had revenue of $74.21 million during the quarter, compared to analyst estimates of $74.10 million. On average, equities analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Monday, March 3rd. Triple Flag Precious Metals’s payout ratio is -200.00%.

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.