Triple Flag Precious Metals (NYSE:TFPM) Reaches New 1-Year High – Here’s Why

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

Triple Flag Precious Metals Price Performance

The stock’s fifty day moving average price is $17.14 and its 200-day moving average price is $16.68. The firm has a market cap of $3.91 billion, a PE ratio of -176.82, a price-to-earnings-growth ratio of 0.78 and a beta of -0.08.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $74.21 million during the quarter, compared to analysts’ expectations of $74.10 million. On average, sell-side analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.055 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.22 annualized dividend and a dividend yield of 1.13%. Triple Flag Precious Metals’s dividend payout ratio is presently -200.00%.

Institutional Trading of Triple Flag Precious Metals

Large investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp raised its stake in 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. Toronto Dominion Bank raised its position in shares of Triple Flag Precious Metals by 339.8% during the 4th quarter. Toronto Dominion Bank now owns 65,977 shares of the company’s stock valued at $991,000 after buying an additional 50,977 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Triple Flag Precious Metals in the fourth quarter valued at approximately $255,000. Principal Street Partners LLC lifted its holdings in 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 acquiring an additional 1,001 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Triple Flag Precious Metals by 39.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,764 shares of the company’s stock worth $1,275,000 after acquiring an additional 24,017 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

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.