Triple Flag Precious Metals Corp. (NYSE:TFPM) Sees Significant Decline in Short Interest

Triple Flag Precious Metals Corp. (NYSE:TFPM) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 979,200 shares, a decrease of 14.9% from the February 28th total of 1,150,000 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 296,600 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC raised its position 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 acquiring an additional 857 shares during the last quarter. Quadrature Capital Ltd boosted its stake in shares of Triple Flag Precious Metals by 3.0% in the 3rd quarter. Quadrature Capital Ltd now owns 34,800 shares of the company’s stock valued at $564,000 after purchasing an additional 1,000 shares during the last quarter. Principal Street Partners LLC grew its position in shares of Triple Flag Precious Metals by 4.2% during the 4th quarter. Principal Street Partners LLC now owns 24,755 shares of the company’s stock worth $372,000 after buying an additional 1,001 shares during the period. Mackenzie Financial Corp lifted its holdings in 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 during the period. Finally, Farther Finance Advisors LLC boosted its stake in 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 acquiring an additional 1,208 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Price Performance

Shares of Triple Flag Precious Metals stock traded up $0.08 during trading on Wednesday, hitting $19.36. 111,040 shares of the company’s stock traded hands, compared to its average volume of 266,625. Triple Flag Precious Metals has a twelve month low of $13.94 and a twelve month high of $19.90. The company has a market cap of $3.89 billion, a PE ratio of -176.00, a PEG ratio of 0.78 and a beta of -0.08. The firm’s fifty day moving average price is $17.50 and its 200 day moving average price is $16.79.

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

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend yield of 1.14%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently -200.00%.

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.