Triple Flag Precious Metals Corp. (NYSE:TFPM) Short Interest Up 30.7% in September

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

Institutional Investors Weigh In On Triple Flag Precious Metals

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

Triple Flag Precious Metals Stock Performance

Shares of TFPM stock traded down $0.02 during mid-day trading on Tuesday, hitting $16.46. The stock had a trading volume of 139,015 shares, compared to its average volume of 202,610. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $18.08. 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 company’s 50-day simple moving average is $16.21 and its 200-day simple moving average is $16.01. The firm has a market cap of $3.31 billion, a PE ratio of 86.63, a PEG ratio of 1.12 and a beta of -0.14.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 during the quarter. Sell-side analysts anticipate that Triple Flag Precious Metals will post 0.54 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, August 30th. Triple Flag Precious Metals’s payout ratio is 115.79%.

Wall Street Analyst Weigh In

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

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.