Triple Flag Precious Metals (NYSE:TFPM) Shares Break Above 50 Day Moving Average – Should You Sell?

Triple Flag Precious Metals Corp. (NYSE:TFPM)’s share price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $31.37 and traded as high as $31.54. Triple Flag Precious Metals shares last traded at $31.5050, with a volume of 473,771 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on TFPM. Royal Bank Of Canada boosted their price target on Triple Flag Precious Metals from $40.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Zacks Research raised shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings raised shares of Triple Flag Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 14th. Scotiabank lowered their price target on Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Finally, Wall Street Zen cut shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.25.

Triple Flag Precious Metals Stock Up 2.3%

The business has a 50-day moving average of $31.37 and a 200-day moving average of $32.64. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 3.07 and a beta of -0.09.

Triple Flag Precious Metals (NYSE:TFPM) last issued its earnings results on Tuesday, November 3rd. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%. The company had revenue of $106.70 million during the quarter, compared to the consensus estimate of $106.70 million. Equities analysts anticipate that Triple Flag Precious Metals Corp. will post 1.31 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, November 30th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 12.00%.

Institutional Trading of Triple Flag Precious Metals

Large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new stake in Triple Flag Precious Metals during the second quarter worth $44,000. Fiduciary Financial Advisors bought a new position in shares of Triple Flag Precious Metals during the second quarter valued at about $47,000. EverSource Wealth Advisors LLC grew its stake in Triple Flag Precious Metals by 60.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,947 shares of the company’s stock valued at $68,000 after acquiring an additional 730 shares in the last quarter. Evelyn Partners Asset Management Ltd boosted its position in Triple Flag Precious Metals by 33.3% during the 1st quarter. Evelyn Partners Asset Management Ltd now owns 4,000 shares of the company’s stock valued at $139,000 after buying an additional 1,000 shares during the period. Finally, Caitlin John LLC increased its position in shares of Triple Flag Precious Metals by 67.7% during the second quarter. Caitlin John LLC now owns 5,869 shares of the company’s stock valued at $176,000 after acquiring an additional 2,369 shares in 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. is a precious metals streaming and royalty company headquartered in Toronto, Canada. The company provides upfront financing to mining companies in exchange for the right to purchase a portion of future production, typically at predetermined prices. Its agreements are primarily focused on gold and silver, along with other precious metals and related by-products.

Triple Flag does not generally operate mines directly. Instead, it builds a diversified portfolio of streams and royalties linked to producing, developing and exploration-stage assets.