Aigen Investment Management LP Has $387,000 Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Aigen Investment Management LP increased its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 47.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,894 shares of the company’s stock after purchasing an additional 7,680 shares during the period. Aigen Investment Management LP’s holdings in Triple Flag Precious Metals were worth $387,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new position in shares of Triple Flag Precious Metals in the 1st quarter worth approximately $6,145,000. Forge First Asset Management Inc. acquired a new position in Triple Flag Precious Metals during the first quarter worth $737,000. American Century Companies Inc. bought a new position in shares of Triple Flag Precious Metals during the second quarter valued at $2,389,000. Acadian Asset Management LLC acquired a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at $1,705,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Triple Flag Precious Metals in the 2nd quarter worth about $2,191,000. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Up 1.5 %

Shares of NYSE:TFPM opened at $16.42 on Friday. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. The firm has a market cap of $3.31 billion, a P/E ratio of -62.19, a P/E/G ratio of 1.04 and a beta of -0.16. Triple Flag Precious Metals Corp. has a 12 month low of $11.75 and a 12 month high of $18.88. The company’s 50-day moving average price is $16.81 and its two-hundred day moving average price is $16.27.

Triple Flag Precious Metals (NYSE:TFPM) last released 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 negative net margin of 22.15% and a positive return on equity of 5.51%. The business had revenue of $73.67 million for the quarter. During the same period last year, the company earned $0.09 earnings per share. As a group, research analysts forecast that Triple Flag Precious Metals Corp. will post 0.55 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.34%. Triple Flag Precious Metals’s payout ratio is currently -84.62%.

Wall Street Analysts Forecast Growth

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

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.