Triple Flag Precious Metals Corp. (NYSE:TFPM) Short Interest Update

Triple Flag Precious Metals Corp. (NYSE:TFPM) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 979,200 shares, a decline of 14.9% from the February 28th total of 1,150,000 shares. Based on an average trading volume of 296,600 shares, the days-to-cover ratio is currently 3.3 days. Approximately 0.5% of the company’s stock are sold short.

Triple Flag Precious Metals Price Performance

NYSE TFPM traded up $0.08 on Wednesday, hitting $19.36. 111,040 shares of the stock were exchanged, compared to its average volume of 266,625. Triple Flag Precious Metals has a 52 week low of $13.94 and a 52 week high of $19.90. The company has a market capitalization of $3.89 billion, a PE ratio of -176.00, a P/E/G ratio of 0.78 and a beta of -0.08. The business’s fifty day moving average is $17.50 and its 200 day moving average is $16.79.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $74.10 million. Analysts predict that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.055 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.22 dividend on an annualized basis and a yield of 1.14%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is -200.00%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TFPM. Farther Finance Advisors LLC boosted its stake in shares of Triple Flag Precious Metals by 175.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company’s stock valued at $29,000 after purchasing an additional 1,208 shares in the last quarter. Northwest & Ethical Investments L.P. bought a new position in Triple Flag Precious Metals during the 4th quarter worth $45,000. Point72 Asset Management L.P. acquired a new position in Triple Flag Precious Metals during the 3rd quarter worth about $111,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Triple Flag Precious Metals in the 4th quarter valued at about $134,000. Finally, Drive Wealth Management LLC bought a new position in shares of Triple Flag Precious Metals during the fourth quarter worth about $175,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

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.