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

Triple Flag Precious Metals Corp. (NYSE:TFPM)’s share price hit a new 52-week high on Friday . The stock traded as high as $18.98 and last traded at $18.88, with a volume of 28711 shares traded. The stock had previously closed at $18.72.

Triple Flag Precious Metals Price Performance

The company has a market cap of $3.80 billion, a price-to-earnings ratio of -171.91, a PEG ratio of 0.78 and a beta of -0.08. The firm has a 50 day simple moving average of $16.53 and a 200-day simple moving average of $16.50.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Wednesday, February 19th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $74.21 million for the quarter, compared to analyst estimates of $74.10 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. Research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

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

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC raised its position in Triple Flag Precious Metals by 6.0% during the 3rd quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock worth $244,000 after buying an additional 857 shares during the last quarter. Quadrature Capital Ltd lifted its holdings 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 buying an additional 1,000 shares during the period. Principal Street Partners LLC boosted 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 grew its holdings 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 acquiring an additional 1,101 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings 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 period. Hedge funds and other institutional investors 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.