Triple Flag Precious Metals Corp. (NYSE:TFPM) Short Interest Up 32.1% in February

Triple Flag Precious Metals Corp. (NYSE:TFPM) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,150,000 shares, a growth of 32.1% from the February 13th total of 870,500 shares. Based on an average trading volume of 296,000 shares, the short-interest ratio is currently 3.9 days. Currently, 0.6% of the company’s stock are sold short.

Triple Flag Precious Metals Stock Performance

Shares of TFPM stock opened at $18.95 on Monday. Triple Flag Precious Metals has a fifty-two week low of $13.31 and a fifty-two week high of $19.05. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of -172.23, a PEG ratio of 0.78 and a beta of -0.08. The stock’s 50-day simple moving average is $16.60 and its 200-day simple moving average is $16.52.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results 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 positive return on equity of 6.63% and a negative net margin of 8.58%. The business had revenue of $74.21 million for the quarter, compared to analyst estimates of $74.10 million. As a group, equities analysts forecast that Triple Flag Precious Metals will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, March 3rd. Triple Flag Precious Metals’s dividend payout ratio (DPR) is -200.00%.

Institutional Investors Weigh In On Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC lifted its holdings in shares of Triple Flag Precious Metals by 6.0% during the third quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock worth $244,000 after purchasing an additional 857 shares during the period. Quadrature Capital Ltd lifted its holdings in shares of Triple Flag Precious Metals by 3.0% during the third quarter. Quadrature Capital Ltd now owns 34,800 shares of the company’s stock worth $564,000 after purchasing an additional 1,000 shares during the period. Principal Street Partners LLC lifted its holdings in shares of Triple Flag Precious Metals by 4.2% during the fourth 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 lifted its holdings in shares of Triple Flag Precious Metals by 3.5% during the fourth quarter. Mackenzie Financial Corp now owns 32,577 shares of the company’s stock worth $489,000 after purchasing an additional 1,101 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Triple Flag Precious Metals by 175.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company’s stock worth $29,000 after purchasing an additional 1,208 shares during the period. 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.