Triple Flag Precious Metals Corp. (NYSE:TFPM) Sees Significant Increase in Short Interest

Triple Flag Precious Metals Corp. (NYSE:TFPM) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 1,020,000 shares, an increase of 30.7% from the September 15th total of 780,300 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 213,300 shares, the days-to-cover ratio is presently 4.8 days.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TFPM shares. Scotiabank raised their price target on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group raised their target price on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

Institutional Investors Weigh In On Triple Flag Precious Metals

Institutional investors have recently made changes to their positions in the stock. Lummis Asset Management LP grew its stake in shares of Triple Flag Precious Metals by 1,756.8% in the second quarter. Lummis Asset Management LP now owns 47,887 shares of the company’s stock valued at $742,000 after buying an additional 45,308 shares in the last quarter. Magnetar Financial LLC acquired a new position in Triple Flag Precious Metals in the 2nd quarter valued at about $228,000. 1832 Asset Management L.P. purchased a new stake in Triple Flag Precious Metals during the second quarter worth about $165,000. Goehring & Rozencwajg Associates LLC lifted its position in shares of Triple Flag Precious Metals by 9.9% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 100,771 shares of the company’s stock worth $1,563,000 after purchasing an additional 9,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Triple Flag Precious Metals by 37.0% in the second quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company’s stock valued at $5,602,000 after purchasing an additional 97,630 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Stock Performance

Triple Flag Precious Metals stock remained flat at $16.48 during midday trading on Tuesday. 132,425 shares of the company traded hands, compared to its average volume of 202,577. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.80 and a quick ratio of 5.59. The firm has a market cap of $3.32 billion, a PE ratio of 86.74, a price-to-earnings-growth ratio of 1.12 and a beta of -0.14. The stock’s fifty day moving average price is $16.18 and its 200-day moving average price is $15.99. Triple Flag Precious Metals has a 52-week low of $11.75 and a 52-week high of $18.08.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. The firm had revenue of $63.58 million for the quarter. Equities analysts anticipate that Triple Flag Precious Metals will post 0.54 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.22 dividend on an annualized basis and a yield of 1.33%. Triple Flag Precious Metals’s payout ratio is currently 115.79%.

Triple Flag Precious Metals Company 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.