Short Interest in Triple Flag Precious Metals Corp. (NYSE:TFPM) Increases By 32.1%

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,150,000 shares, an increase of 32.1% from the February 13th total of 870,500 shares. Approximately 0.6% of the company's shares are sold short. Based on an average daily trading volume, of 296,000 shares, the short-interest ratio is presently 3.9 days.

Institutional Trading of Triple Flag Precious Metals

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in Triple Flag Precious Metals by 175.6% in 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. acquired a new position in Triple Flag Precious Metals in the fourth quarter worth approximately $45,000. Point72 Asset Management L.P. bought a new position in Triple Flag Precious Metals during the third quarter valued at approximately $111,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Triple Flag Precious Metals in the fourth quarter valued at approximately $134,000. Finally, Drive Wealth Management LLC acquired a new position in Triple Flag Precious Metals during the fourth quarter worth $175,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Trading Down 0.2 %

Shares of TFPM traded down $0.03 during midday trading on Thursday, hitting $19.22. The stock had a trading volume of 140,011 shares, compared to its average volume of 258,883. The firm has a market cap of $3.86 billion, a P/E ratio of -174.59, a price-to-earnings-growth ratio of 0.78 and a beta of -0.08. Triple Flag Precious Metals has a fifty-two week low of $13.38 and a fifty-two week high of $19.48. The business has a 50-day simple moving average of $16.83 and a two-hundred day simple moving average of $16.57.

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Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $74.21 million during the quarter, compared to analysts' expectations 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%. On average, analysts expect that Triple Flag Precious Metals will post 0.71 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 Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Monday, March 3rd. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently -200.00%.

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.