Arrowstreet Capital Limited Partnership Has $13.65 Million Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Arrowstreet Capital Limited Partnership raised its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 377.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 908,888 shares of the company’s stock after buying an additional 718,408 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.45% of Triple Flag Precious Metals worth $13,652,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TFPM. Orion Portfolio Solutions LLC increased its stake in shares of Triple Flag Precious Metals by 12.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 52,794 shares of the company’s stock worth $794,000 after acquiring an additional 5,892 shares during the last quarter. Norges Bank bought a new stake in Triple Flag Precious Metals in the fourth quarter worth $15,696,000. Hillsdale Investment Management Inc. increased its position in Triple Flag Precious Metals by 55.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 523,878 shares of the company’s stock worth $7,863,000 after buying an additional 186,278 shares during the last quarter. American Century Companies Inc. raised its holdings in Triple Flag Precious Metals by 54.9% during the fourth quarter. American Century Companies Inc. now owns 239,195 shares of the company’s stock valued at $3,594,000 after buying an additional 84,821 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of Triple Flag Precious Metals during the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Performance

Shares of NYSE TFPM opened at $18.43 on Friday. The business’s 50-day simple moving average is $17.69 and its 200-day simple moving average is $16.84. Triple Flag Precious Metals Corp. has a 52 week low of $13.94 and a 52 week high of $19.90. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of -167.51, a P/E/G ratio of 0.78 and a beta of -0.08.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. The company had revenue of $74.21 million for the quarter, compared to the consensus estimate of $74.10 million. As a group, equities research analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Monday, March 3rd. Triple Flag Precious Metals’s dividend payout ratio is -200.00%.

Triple Flag Precious Metals 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.