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

Triple Flag Precious Metals Corp. (NYSE:TFPM) shares reached a new 52-week high on Wednesday . The stock traded as high as $19.83 and last traded at $19.45, with a volume of 147776 shares traded. The stock had previously closed at $19.30.

Triple Flag Precious Metals Stock Up 2.6 %

The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of -179.21, a price-to-earnings-growth ratio of 0.78 and a beta of -0.08. The business has a 50-day moving average price of $17.29 and a 200-day moving average price of $16.72.

Triple Flag Precious Metals (NYSE:TFPM) last released 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. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. The company had revenue of $74.21 million during the quarter, compared to analyst estimates of $74.10 million. As a group, sell-side analysts predict that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced 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 of this dividend was Monday, March 3rd. This represents a $0.22 annualized dividend and a yield of 1.12%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -200.00%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in shares of Triple Flag Precious Metals by 175.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company’s stock valued at $29,000 after purchasing an additional 1,208 shares in the last quarter. Northwest & Ethical Investments L.P. bought a new position in Triple Flag Precious Metals during the fourth quarter valued at about $45,000. Point72 Asset Management L.P. acquired a new position in shares of Triple Flag Precious Metals in the third quarter valued at $111,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Triple Flag Precious Metals in the 4th quarter valued at $134,000. Finally, Drive Wealth Management LLC acquired a new position in shares of Triple Flag Precious Metals in the 4th quarter valued at $175,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

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.