Triple Flag Precious Metals (NYSE:TFPM) Hits New 12-Month High – Here’s Why

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

Triple Flag Precious Metals Stock Down 0.7 %

The stock has a market capitalization of $3.84 billion, a P/E ratio of -173.50, a PEG ratio of 0.78 and a beta of -0.08. The firm has a 50-day moving average of $16.83 and a 200 day moving average of $16.57.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $74.10 million. Analysts predict that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC increased its stake in shares of Triple Flag Precious Metals by 6.0% in the third quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock valued at $244,000 after buying an additional 857 shares in the last quarter. Quadrature Capital Ltd increased its stake in shares of Triple Flag Precious Metals by 3.0% in the third quarter. Quadrature Capital Ltd now owns 34,800 shares of the company’s stock valued at $564,000 after buying an additional 1,000 shares in the last quarter. Principal Street Partners LLC increased its stake in shares of Triple Flag Precious Metals by 4.2% in the fourth quarter. Principal Street Partners LLC now owns 24,755 shares of the company’s stock valued at $372,000 after buying an additional 1,001 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Triple Flag Precious Metals by 3.5% in the fourth quarter. Mackenzie Financial Corp now owns 32,577 shares of the company’s stock valued at $489,000 after buying an additional 1,101 shares in the last quarter. Finally, Farther Finance Advisors LLC increased 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 buying an additional 1,208 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

About Triple Flag Precious Metals

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.