Barclays PLC Buys 25,220 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Barclays PLC grew its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 21.5% during the third quarter, HoldingsChannel reports. The firm owned 142,444 shares of the company’s stock after buying an additional 25,220 shares during the quarter. Barclays PLC’s holdings in Triple Flag Precious Metals were worth $2,304,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. acquired a new position in Triple Flag Precious Metals in the 3rd quarter valued at $111,000. Versor Investments LP bought a new stake in Triple Flag Precious Metals during the second quarter valued at about $160,000. 1832 Asset Management L.P. acquired a new stake in shares of Triple Flag Precious Metals in the second quarter valued at about $165,000. CIBC Asset Management Inc bought a new position in shares of Triple Flag Precious Metals in the second quarter worth about $179,000. Finally, XTX Topco Ltd bought a new position in shares of Triple Flag Precious Metals in the third quarter worth about $220,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Triple Flag Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Triple Flag Precious Metals Stock Performance

NYSE:TFPM opened at $15.21 on Thursday. 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 firm’s 50-day moving average is $16.73 and its 200-day moving average is $16.19. Triple Flag Precious Metals Corp. has a 52-week low of $11.75 and a 52-week high of $18.88. The company 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.

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

Triple Flag Precious Metals Announces Dividend

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

Triple Flag Precious Metals 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.