Triple Flag Precious Metals (NYSE:TFPM) Hits New 52-Week High – Here’s What Happened

Triple Flag Precious Metals Corp. (NYSE:TFPM)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $20.19 and last traded at $19.86, with a volume of 709778 shares. The stock had previously closed at $18.35.

Wall Street Analyst Weigh In

Separately, Raymond James reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Friday, April 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

Triple Flag Precious Metals Trading Up 8.2 %

The company has a 50 day moving average price of $18.00 and a 200 day moving average price of $16.91. The company has a market capitalization of $3.99 billion, a P/E ratio of -180.55, a P/E/G ratio of 0.78 and a beta of -0.25.

Triple Flag Precious Metals (NYSE:TFPM) last issued its earnings results on Wednesday, February 19th. The company reported $0.18 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 company had revenue of $74.21 million during the quarter, compared to the consensus estimate of $74.10 million. As a group, sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.055 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.22 annualized dividend and a yield of 1.11%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -200.00%.

Institutional Trading of Triple Flag Precious Metals

Several institutional investors have recently added to or reduced their stakes in TFPM. Farther Finance Advisors LLC boosted its stake in Triple Flag Precious Metals by 175.6% in 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 during the period. Northwest & Ethical Investments L.P. bought a new stake in Triple Flag Precious Metals in the 4th quarter valued at $45,000. Point72 Asset Management L.P. bought a new stake in shares of Triple Flag Precious Metals during the 3rd quarter valued at $111,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Triple Flag Precious Metals during the 4th quarter valued at $134,000. Finally, Drive Wealth Management LLC bought a new stake in shares of Triple Flag Precious Metals during the 4th quarter valued at $175,000. 82.91% of the stock is currently owned by 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.