Other research analysts have also issued research reports about the company. National Bank Financial upgraded Triple Flag Precious Metals from a sector perform overweight rating to an outperform overweight rating in a research note on Thursday, January 19th. TD Securities upped their price target on shares of Triple Flag Precious Metals from C$19.50 to C$23.00 in a research report on Wednesday, December 14th. Finally, BMO Capital Markets downgraded shares of Triple Flag Precious Metals from an outperform rating to a market perform rating in a research report on Thursday, November 10th.
Triple Flag Precious Metals Stock Performance
TFPM stock opened at $13.40 on Tuesday. Triple Flag Precious Metals has a twelve month low of $10.36 and a twelve month high of $16.60. The business’s 50 day moving average is $13.20.
Triple Flag Precious Metals Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $0.20 dividend on an annualized basis and a yield of 1.49%.
Hedge Funds Weigh In On Triple Flag Precious Metals
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada purchased a new stake in shares of Triple Flag Precious Metals in the third quarter valued at approximately $69,000. Renaissance Technologies LLC purchased a new position in shares of Triple Flag Precious Metals in the 3rd quarter valued at about $137,000. Commonwealth Equity Services LLC acquired a new stake in shares of Triple Flag Precious Metals in the third quarter valued at about $440,000. Jane Street Group LLC acquired a new stake in shares of Triple Flag Precious Metals in the third quarter valued at about $819,000. Finally, Condire Management LP purchased a new stake in Triple Flag Precious Metals during the third quarter worth about $2,517,000. Institutional investors and hedge funds own 87.28% of the company’s stock.
Triple Flag Precious Metals Company Profile
Triple Flag Precious Metals Corp., a gold-focused streaming and royalty company, engages in acquiring and managing precious metals and other streams and royalties in Australia, Canada, Colombia, Mongolia, Peru, South Africa, and the United States. The company has a portfolio of streams and royalties providing exposure primarily to gold and silver.
- Get a free copy of the StockNews.com research report on Triple Flag Precious Metals (TFPM)
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