Triple Flag Precious Metals Corp. (NYSE:TFPM) Short Interest Update

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

Triple Flag Precious Metals Price Performance

NYSE TFPM traded up $0.30 during trading hours on Thursday, hitting $19.74. 340,679 shares of the company’s stock traded hands, compared to its average volume of 268,016. The company has a market capitalization of $3.96 billion, a PE ratio of -179.23, a PEG ratio of 0.78 and a beta of -0.08. Triple Flag Precious Metals has a 52-week low of $13.94 and a 52-week high of $19.90. The firm’s 50-day moving average is $17.57 and its 200-day moving average is $16.81.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly 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 business had revenue of $74.21 million during the quarter, compared to analyst estimates of $74.10 million. Equities research analysts predict that Triple Flag Precious Metals will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Monday, March 3rd. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -200.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. 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 grew its position 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 worth $372,000 after acquiring an additional 1,001 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Triple Flag Precious Metals by 39.5% during 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 last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

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.