Triple Flag Precious Metals (NYSE:TFPM) Trading 5.2% Higher - Time to Buy?

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report)'s stock price traded up 5.2% during mid-day trading on Wednesday . The company traded as high as $19.68 and last traded at $19.30. 101,516 shares changed hands during trading, a decline of 62% from the average session volume of 270,408 shares. The stock had previously closed at $18.35.

Wall Street Analysts Forecast Growth

TFPM has been the subject of several recent research reports. Raymond James reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Friday, April 4th. Scotiabank increased their price objective on Triple Flag Precious Metals from $21.00 to $23.00 and gave the company a "sector outperform" rating in a research note on Monday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.00.

Triple Flag Precious Metals Stock Performance

The firm has a market capitalization of $4.34 billion, a PE ratio of -196.45, a PEG ratio of 0.78 and a beta of -0.25. The company's 50-day moving average price is $18.19 and its 200-day moving average price is $16.96.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, topping 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 company had revenue of $74.21 million for the quarter, compared to analysts' expectations of $74.10 million. As a group, analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.22 annualized dividend and a dividend yield of 1.02%. Triple Flag Precious Metals's dividend payout ratio (DPR) is -200.00%.

Institutional Trading of Triple Flag Precious Metals

Several hedge funds have recently made changes to their positions in the company. Virtu Financial LLC raised its position in Triple Flag Precious Metals by 6.0% in the third quarter. Virtu Financial LLC now owns 15,066 shares of the company's stock worth $244,000 after acquiring an additional 857 shares in the last quarter. Principal Street Partners LLC grew its stake in shares of 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 worth $372,000 after purchasing an additional 1,001 shares during the period. Mackenzie Financial Corp increased its holdings 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 purchasing an additional 1,101 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of 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 during the period. Finally, XTX Topco Ltd boosted its holdings in Triple Flag Precious Metals by 9.1% during the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after buying an additional 1,238 shares in the last quarter. 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.