Triple Flag Precious Metals (NYSE:TFPM) Sets New 52-Week High – Here’s Why

Triple Flag Precious Metals Corp. (NYSE:TFPM) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $18.98 and last traded at $18.88, with a volume of 28711 shares. The stock had previously closed at $18.72.

Triple Flag Precious Metals Price Performance

The firm has a market capitalization of $3.81 billion, a PE ratio of -172.23, a price-to-earnings-growth ratio of 0.78 and a beta of -0.08. The company’s fifty day simple moving average is $16.60 and its 200-day simple moving average is $16.51.

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

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given 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 1.16%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -200.00%.

Institutional Trading of Triple Flag Precious Metals

Several large investors have recently bought and sold shares of TFPM. FMR LLC boosted its position in shares of Triple Flag Precious Metals by 8.9% during the 3rd 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 period. Tidal Investments LLC boosted its position in shares of Triple Flag Precious Metals by 221.9% during the 4th 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 period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Triple Flag Precious Metals by 18.0% during the 3rd 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 period. Norges Bank purchased a new position in shares of Triple Flag Precious Metals during the 4th quarter worth approximately $15,696,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Triple Flag Precious Metals by 377.2% during the 4th 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 period. 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.