Triple Flag Precious Metals (NYSE:TFPM) Sets New 12-Month High - Should You Buy?

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) 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 Down 1.6 %

The business has a 50-day moving average of $17.37 and a two-hundred day moving average of $16.75. The firm has a market cap of $3.90 billion, a P/E ratio of -176.35, a price-to-earnings-growth ratio of 0.78 and a beta of -0.08.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $74.21 million for 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%. As a group, 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 firm also recently declared 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 currently -200.00%.

Remove Ads

Institutional Trading of Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp grew its position in shares of Triple Flag Precious Metals by 3.5% in the 4th quarter. Mackenzie Financial Corp now owns 32,577 shares of the company's stock valued at $489,000 after buying an additional 1,101 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Triple Flag Precious Metals by 339.8% in the fourth quarter. Toronto Dominion Bank now owns 65,977 shares of the company's stock worth $991,000 after acquiring an additional 50,977 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Triple Flag Precious Metals in the fourth quarter valued at approximately $255,000. Principal Street Partners LLC increased its position in Triple Flag Precious Metals by 4.2% during the 4th quarter. Principal Street Partners LLC now owns 24,755 shares of the company's stock valued at $372,000 after purchasing an additional 1,001 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Triple Flag Precious Metals by 39.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,764 shares of the company's stock worth $1,275,000 after purchasing an additional 24,017 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.