Triple Flag Precious Metals (NYSE:TFPM) Reaches New 1-Year High – Still a Buy?

Triple Flag Precious Metals Corp. (NYSE:TFPM) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $19.50 and last traded at $19.15, with a volume of 245 shares trading hands. The stock had previously closed at $19.25.

Triple Flag Precious Metals Stock Down 0.6 %

The stock has a fifty day moving average of $16.98 and a 200-day moving average of $16.61. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of -174.00, a P/E/G ratio of 0.78 and a beta of -0.08.

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

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.22 dividend on an annualized basis and a yield of 1.15%. Triple Flag Precious Metals’s payout ratio is -200.00%.

Institutional Trading of Triple Flag Precious Metals

A number of hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC lifted its position in Triple Flag Precious Metals by 6.0% during the 3rd quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock worth $244,000 after acquiring an additional 857 shares during the period. Quadrature Capital Ltd raised its stake in shares of Triple Flag Precious Metals by 3.0% during the 3rd quarter. Quadrature Capital Ltd now owns 34,800 shares of the company’s stock worth $564,000 after buying an additional 1,000 shares in the last quarter. Principal Street Partners LLC raised its stake in shares of Triple Flag Precious Metals by 4.2% during the 4th quarter. Principal Street Partners LLC now owns 24,755 shares of the company’s stock worth $372,000 after buying an additional 1,001 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Triple Flag Precious Metals by 3.5% during the 4th quarter. Mackenzie Financial Corp now owns 32,577 shares of the company’s stock worth $489,000 after buying an additional 1,101 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Triple Flag Precious Metals by 175.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company’s stock worth $29,000 after buying an additional 1,208 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

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.