Drive Wealth Management LLC Invests $175,000 in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Drive Wealth Management LLC acquired a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,657 shares of the company’s stock, valued at approximately $175,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in Triple Flag Precious Metals in the third quarter valued at $111,000. XTX Topco Ltd purchased a new stake in shares of Triple Flag Precious Metals in the 3rd quarter worth about $220,000. Virtu Financial LLC grew its stake in Triple Flag Precious Metals by 6.0% in the 3rd quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock valued at $244,000 after acquiring an additional 857 shares during the last quarter. Versor Investments LP increased its holdings in Triple Flag Precious Metals by 47.6% during the 3rd quarter. Versor Investments LP now owns 15,204 shares of the company’s stock valued at $246,000 after acquiring an additional 4,904 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Triple Flag Precious Metals during the third quarter worth about $278,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Jefferies Financial Group increased 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.

Triple Flag Precious Metals Trading Up 1.2 %

Triple Flag Precious Metals stock opened at $15.81 on Wednesday. The stock has a 50-day moving average price of $15.89 and a 200 day moving average price of $16.19. Triple Flag Precious Metals Corp. has a 52 week low of $11.75 and a 52 week high of $18.88. The stock has a market cap of $3.18 billion, a PE ratio of -60.81, a P/E/G ratio of 0.69 and a beta of -0.09. The company has a current ratio of 3.18, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $73.67 million during the quarter. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. During the same quarter last year, the firm earned $0.09 earnings per share. Equities research analysts predict that Triple Flag Precious Metals Corp. will post 0.55 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.055 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.22 annualized dividend and a yield of 1.39%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -84.62%.

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.