Triple Flag Precious Metals (NYSE:TFPM) Reaches New 1-Year High – Still a Buy?

Triple Flag Precious Metals Corp. (NYSE:TFPM) reached a new 52-week high on Thursday . The stock traded as high as $19.50 and last traded at $19.15, with a volume of 245 shares trading hands. The stock had previously closed at $19.25.

Triple Flag Precious Metals Trading Down 0.6 %

The stock has a market capitalization of $3.85 billion, a PE ratio of -174.00, a P/E/G ratio of 0.78 and a beta of -0.08. The firm has a 50 day moving average of $16.98 and a two-hundred day moving average of $16.61.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. The firm had revenue of $74.21 million during the quarter, compared to the consensus estimate of $74.10 million. Equities research analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Monday, March 3rd. Triple Flag Precious Metals’s payout ratio is -200.00%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its holdings 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 worth $65,761,000 after purchasing an additional 333,574 shares during the last quarter. Tidal Investments LLC boosted its holdings 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 worth $25,829,000 after purchasing an additional 1,183,827 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Triple Flag Precious Metals by 18.0% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock worth $25,838,000 after purchasing an additional 242,906 shares during the last quarter. Norges Bank acquired a new stake in shares of Triple Flag Precious Metals during the fourth quarter worth $15,696,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings 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 worth $13,652,000 after purchasing an additional 718,408 shares during the last quarter. Hedge funds and other 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.