Triple Flag Precious Metals Corp. (NYSE:TFPM) Sees Significant Decrease in Short Interest

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 871,800 shares, a decrease of 34.0% from the November 30th total of 1,320,000 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 330,400 shares, the days-to-cover ratio is presently 2.6 days.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals stock remained flat at $15.21 during mid-day trading on Friday. The company's stock had a trading volume of 155,851 shares, compared to its average volume of 236,932. The stock has a market capitalization of $3.06 billion, a PE ratio of -58.50, a price-to-earnings-growth ratio of 0.86 and a beta of -0.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.18. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $18.88. The company has a fifty day moving average of $16.65 and a 200 day moving average of $16.19.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. The company had revenue of $73.67 million for the quarter. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. During the same quarter in the previous year, the business posted $0.09 EPS. On average, research analysts anticipate that Triple Flag Precious Metals will post 0.56 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, November 29th. Triple Flag Precious Metals's payout ratio is presently -84.62%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised their price objective on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, October 4th.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in Triple Flag Precious Metals in the 2nd quarter valued at $2,191,000. CIBC Asset Management Inc purchased a new stake in shares of Triple Flag Precious Metals in the second quarter worth about $179,000. Versor Investments LP purchased a new stake in Triple Flag Precious Metals in the 2nd quarter worth approximately $160,000. Acadian Asset Management LLC bought a new stake in Triple Flag Precious Metals during the second quarter valued at $1,705,000. Finally, American Century Companies Inc. purchased a new position in shares of Triple Flag Precious Metals during the second quarter worth about $2,389,000. Institutional investors and hedge funds 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.

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