Triple Flag Precious Metals (NYSE:TFPM) Hits New 52-Week High – Still a Buy?

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) reached a new 52-week high during trading 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 Price Performance

The business’s fifty day simple moving average is $17.14 and its two-hundred day simple moving average is $16.68. The company has a market cap of $3.91 billion, a PE ratio of -176.82, a PEG 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 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $74.21 million during the quarter, compared to analyst estimates of $74.10 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. As a group, analysts predict that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Monday, March 3rd. Triple Flag Precious Metals’s payout ratio is -200.00%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC lifted its holdings in Triple Flag Precious Metals by 103.4% during the third quarter. Orion Portfolio Solutions LLC now owns 46,902 shares of the company’s stock valued at $759,000 after purchasing an additional 23,840 shares in the last quarter. Geode Capital Management LLC lifted its stake in Triple Flag Precious Metals by 148.3% in the 3rd quarter. Geode Capital Management LLC now owns 64,744 shares of the company’s stock valued at $1,235,000 after buying an additional 38,673 shares in the last quarter. FMR LLC boosted its holdings in 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 buying an additional 333,574 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in 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 worth $25,838,000 after buying an additional 242,906 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Triple Flag Precious Metals by 151.1% during the 3rd quarter. Bank of Montreal Can now owns 367,936 shares of the company’s stock worth $6,042,000 after buying an additional 221,389 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.