Triple Flag Precious Metals (NYSE:TFPM) Hits New 1-Year High - Here's Why

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) hit a new 52-week high on Friday . The company traded as high as $18.98 and last traded at $18.88, with a volume of 28711 shares changing hands. The stock had previously closed at $18.72.

Triple Flag Precious Metals Price Performance

The stock's 50 day simple moving average is $16.75 and its two-hundred day simple moving average is $16.56. The firm has a market cap of $3.85 billion, a P/E ratio of -174.20, a P/E/G ratio of 0.78 and a beta of -0.08.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. The business had revenue of $74.21 million during the quarter, compared to the consensus estimate of $74.10 million. Equities research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share 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. 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 1.15%. The ex-dividend date of this dividend was Monday, March 3rd. Triple Flag Precious Metals's dividend payout ratio is -200.00%.

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Hedge Funds Weigh In On Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently made changes to their positions in TFPM. Tidal Investments LLC increased its position in shares of Triple Flag Precious Metals by 221.9% during the fourth quarter. Tidal Investments LLC now owns 1,717,347 shares of the company's stock valued at $25,829,000 after acquiring an additional 1,183,827 shares in the last quarter. Norges Bank bought a new stake in shares of Triple Flag Precious Metals during the fourth quarter valued at approximately $15,696,000. Arrowstreet Capital Limited Partnership increased its position in shares of Triple Flag Precious Metals by 377.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock valued at $13,652,000 after acquiring an additional 718,408 shares in the last quarter. Amundi bought a new stake in shares of Triple Flag Precious Metals during the fourth quarter valued at approximately $8,281,000. Finally, FMR LLC increased its position in shares of Triple Flag Precious Metals by 8.9% during the third quarter. FMR LLC now owns 4,061,121 shares of the company's stock valued at $65,761,000 after acquiring an additional 333,574 shares in the last quarter. 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.