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

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

Triple Flag Precious Metals Price Performance

The stock has a market cap of $3.80 billion, a price-to-earnings ratio of -171.91, a price-to-earnings-growth ratio of 0.78 and a beta of -0.08. The stock’s 50-day moving average is $16.53 and its 200-day moving average is $16.50.

Triple Flag Precious Metals (NYSE:TFPM) last issued 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. The business had revenue of $74.21 million during the quarter, compared to analysts’ expectations 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%. Analysts predict that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a $0.055 dividend. The ex-dividend date 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 currently -200.00%.

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Triple Flag Precious Metals by 8.9% during the third quarter. FMR LLC now owns 4,061,121 shares of the company’s stock worth $65,761,000 after buying an additional 333,574 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Triple Flag Precious Metals by 221.9% in the 4th quarter. Tidal Investments LLC now owns 1,717,347 shares of the company’s stock valued at $25,829,000 after acquiring an additional 1,183,827 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Triple Flag Precious Metals by 18.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock valued at $25,838,000 after acquiring an additional 242,906 shares in the last quarter. Norges Bank bought a new stake in Triple Flag Precious Metals during the fourth quarter valued at $15,696,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Triple Flag Precious Metals by 377.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company’s stock worth $13,652,000 after buying an additional 718,408 shares during the last quarter. Institutional investors and hedge funds 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.