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

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) reached a new 52-week high on Wednesday . The stock traded as high as $19.83 and last traded at $19.45, with a volume of 147776 shares changing hands. The stock had previously closed at $19.30.

Triple Flag Precious Metals Trading Up 2.6 %

The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of -179.21, a PEG ratio of 0.78 and a beta of -0.08. The stock has a fifty day moving average price of $17.29 and a 200-day moving average price of $16.72.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $74.21 million during the quarter, compared to analyst estimates of $74.10 million. On average, equities analysts expect that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Monday, March 3rd. Triple Flag Precious Metals’s dividend payout ratio is currently -200.00%.

Institutional Trading of Triple Flag Precious Metals

Several large investors have recently added to or reduced their stakes in TFPM. FMR LLC boosted its holdings in shares of Triple Flag Precious Metals by 8.9% in 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 in the last quarter. Tidal Investments LLC raised its position in Triple Flag Precious Metals by 221.9% in the 4th quarter. Tidal Investments LLC now owns 1,717,347 shares of the company’s stock valued at $25,829,000 after purchasing an additional 1,183,827 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Triple Flag Precious Metals by 18.0% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock worth $25,838,000 after purchasing an additional 242,906 shares in the last quarter. Norges Bank bought a new stake in shares of Triple Flag Precious Metals during the fourth quarter worth $15,696,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Triple Flag Precious Metals by 377.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company’s stock valued at $13,652,000 after buying an additional 718,408 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

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.