Commonwealth Equity Services LLC Purchases 29,660 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Commonwealth Equity Services LLC lifted its position in Triple Flag Precious Metals Corp. (NYSE:TFPM – Get Rating) by 85.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,455 shares of the company’s stock after acquiring an additional 29,660 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Triple Flag Precious Metals were worth $886,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada purchased a new stake in shares of Triple Flag Precious Metals during the 3rd quarter worth approximately $69,000. Renaissance Technologies LLC purchased a new stake in shares of Triple Flag Precious Metals during the 3rd quarter worth approximately $137,000. Jane Street Group LLC purchased a new stake in shares of Triple Flag Precious Metals during the 3rd quarter worth approximately $819,000. Condire Management LP purchased a new stake in shares of Triple Flag Precious Metals during the 3rd quarter worth approximately $2,517,000. Finally, Jarislowsky Fraser Ltd purchased a new stake in shares of Triple Flag Precious Metals during the 3rd quarter worth approximately $2,692,000. Institutional investors own 87.28% of the company’s stock.

Triple Flag Precious Metals Price Performance

Shares of NYSE:TFPM opened at $14.46 on Tuesday. The firm has a fifty day moving average price of $15.31 and a two-hundred day moving average price of $13.93. Triple Flag Precious Metals Corp. has a one year low of $10.36 and a one year high of $17.33.

Triple Flag Precious Metals (NYSE:TFPM – Get Rating) last posted its quarterly earnings data on Tuesday, February 21st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $43.89 million for the quarter, compared to the consensus estimate of $43.90 million. Sell-side analysts forecast that Triple Flag Precious Metals Corp. will post 0.44 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, May 30th.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Triple Flag Precious Metals in a research note on Monday, May 1st. They issued a “buy” rating for the company. CIBC upgraded shares of Triple Flag Precious Metals from a “neutral” rating to a “sector outperform” rating in a research note on Friday, April 14th. Raymond James lifted their price objective on shares of Triple Flag Precious Metals to C$23.00 in a research note on Tuesday, April 18th. TD Securities lifted their price objective on shares of Triple Flag Precious Metals from C$22.00 to C$26.00 in a research note on Wednesday, April 5th. Finally, Royal Bank of Canada reduced their price objective on shares of Triple Flag Precious Metals from $21.50 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, March 2nd. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.92.

Triple Flag Precious Metals Profile

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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.