Triple Flag Precious Metals (NYSE:TFPM) Reaches New 52-Week High - Still a Buy?

Triple Flag Precious Metals Corp. (NYSE:TFPM) recently achieved a new 52-week high during trading on Thursday, reaching a peak of $19.50 before settling at $19.15. The trading volume for the day was relatively low with only 245 shares exchanged, while the stock closed the previous day at $19.25.

Triple Flag Precious Metals Stock Performance

The current stock price represents a slight decline of 0.7%. With a market capitalization of $3.84 billion, the company has a P/E ratio of -173.50 and a PEG ratio of 0.78. The stock’s beta stands at -0.08, indicating low volatility compared to the market. Additionally, it has a 50-day moving average of $16.83 and a 200-day moving average of $16.57.

Recent Earnings Report

Triple Flag Precious Metals recently released its quarterly earnings data on February 19th. The company reported earnings per share (EPS) of $0.18, surpassing the expected EPS of $0.16 by $0.02. Despite this, the company reported a negative net margin of 8.58%, although it managed a positive return on equity of 6.63%. The revenue for the quarter was $74.21 million, slightly above analyst predictions of $74.10 million. Analysts anticipate that Triple Flag Precious Metals will report an EPS of 0.71 for the current fiscal year.

Dividend Announcement

In a recent announcement, Triple Flag Precious Metals declared a quarterly dividend that was paid on March 14th, amounting to $0.055 per share. Shareholders recorded as of March 3rd received this dividend, marking an annualized total of $0.22, which corresponds to a yield of 1.15%. The company's current dividend payout ratio is -200.00%.

Institutional Activity

The stock has seen various hedge funds adjust their positions recently. For instance, Virtu Financial LLC boosted its holdings in Triple Flag by 6.0% in Q3, acquiring an additional 857 shares, bringing its total to 15,066 shares. Similarly, Quadrature Capital Ltd increased its stake by 3.0%, now holding 34,800 shares valued at $564,000 after purchasing 1,000 more shares. Other firms, including Principal Street Partners LLC and Mackenzie Financial Corp, have also raised their stakes, indicating strong institutional interest in the stock. Currently, institutional investors and hedge funds own about 82.91% of the company’s shares.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. operates as a streaming and royalty company focused on precious metals. It engages in acquiring and managing precious metals, streams, royalties, and other mineral interests across various countries, including Australia, Canada, Colombia, and Peru, among others.

Should You Invest in Triple Flag Precious Metals?

Before considering an investment in Triple Flag Precious Metals, it is important to research thoroughly. Although the stock has a Moderate Buy rating from analysts, there are other stocks that might offer better investment opportunities at this time.

Stocks, Earnings, Dividends