Triple Flag Precious Metals Corp. (NYSE:TFPM) Short Interest Down 48.9% in November

Triple Flag Precious Metals Corp. (NYSE:TFPM) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 833,600 shares, a drop of 48.9% from the October 31st total of 1,630,000 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 292,500 shares, the short-interest ratio is presently 2.8 days.

Analyst Ratings Changes

A number of brokerages have recently commented on TFPM. Jefferies Financial Group boosted their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Scotiabank upped their price objective on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. 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 an average rating of “Moderate Buy” and a consensus price target of $20.50.

Triple Flag Precious Metals Price Performance

NYSE:TFPM remained flat at $16.58 during trading hours on Thursday. 94,244 shares of the company traded hands, compared to its average volume of 228,587. The company’s 50 day simple moving average is $16.86 and its 200-day simple moving average is $16.28. Triple Flag Precious Metals has a twelve month low of $11.75 and a twelve month high of $18.88. 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 $3.34 billion, a P/E ratio of -63.77, a PEG ratio of 1.07 and a beta of -0.16.

Triple Flag Precious Metals (NYSE:TFPM) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. The business had revenue of $73.67 million during the quarter. During the same period last year, the firm posted $0.09 EPS. Analysts anticipate that Triple Flag Precious Metals will post 0.56 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, November 29th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -84.62%.

Institutional Trading of Triple Flag Precious Metals

Several large investors have recently added to or reduced their stakes in TFPM. FMR LLC raised its stake in Triple Flag Precious Metals by 8.9% during the 3rd quarter. FMR LLC now owns 4,061,121 shares of the company’s stock worth $65,761,000 after acquiring an additional 333,574 shares during the period. Van ECK Associates Corp increased its stake in shares of Triple Flag Precious Metals by 2.1% in the third quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company’s stock worth $56,588,000 after purchasing an additional 71,894 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Triple Flag Precious Metals by 18.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock valued at $25,838,000 after purchasing an additional 242,906 shares during the period. Montrusco Bolton Investments Inc. lifted its stake in shares of Triple Flag Precious Metals by 9.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 697,000 shares of the company’s stock valued at $11,299,000 after buying an additional 57,751 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in Triple Flag Precious Metals by 1.8% in the 3rd quarter. Tidal Investments LLC now owns 533,520 shares of the company’s stock worth $8,632,000 after buying an additional 9,184 shares during the period. 82.91% of the stock is currently owned by institutional investors.

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.