Triple Flag Precious Metals (NYSE:TFPM) Stock Price Breaks Above 50 Day Moving Average - Should You Sell?

Key Points

• Shares rose above their 50-day moving average: Triple Flag traded as high as $31.54 and last changed hands at $31.505, versus a 50-day average of $31.37.
• Analyst sentiment is moderately positive: Five analysts rate the stock Buy and four Hold, with a consensus price target of $39.25.
• Quarterly results beat EPS expectations: The company reported $0.26 per share, versus a $0.23 consensus estimate, and declared a $0.06 quarterly dividend, equivalent to a 0.8% yield.

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $31.37 and traded as high as $31.54. Triple Flag Precious Metals shares last traded at $31.5050, with a volume of 473,771 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TFPM shares. Wall Street Zen downgraded shares of Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Weiss Ratings raised shares of Triple Flag Precious Metals from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, October 14th. Zacks Research upgraded Triple Flag Precious Metals from a "strong sell" rating to a "hold" rating in a report on Monday, August 10th. Royal Bank Of Canada lifted their target price on Triple Flag Precious Metals from $40.00 to $41.00 and gave the company a "sector perform" rating in a research report on Wednesday, September 16th. Finally, Scotiabank cut their target price on Triple Flag Precious Metals from $43.00 to $39.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 14th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $39.25.

Triple Flag Precious Metals Trading Up 2.3%

The company has a fifty day simple moving average of $31.37 and a two-hundred day simple moving average of $32.64. The stock has a market capitalization of $6.48 billion, a P/E ratio of 15.75, a PEG ratio of 3.07 and a beta of -0.09.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. The firm had revenue of $106.70 million for the quarter, compared to analyst estimates of $106.70 million. As a group, analysts forecast that Triple Flag Precious Metals Corp. will post 1.31 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, November 30th. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently 12.00%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Hedge funds have recently modified their holdings of the business. Echo45 Advisors LLC boosted its stake in shares of Triple Flag Precious Metals by 6.5% during the third quarter. Echo45 Advisors LLC now owns 7,390 shares of the company's stock worth $228,000 after buying an additional 448 shares during the period. Cetera Investment Advisers increased its holdings in shares of Triple Flag Precious Metals by 9.2% in the 1st quarter. Cetera Investment Advisers now owns 7,784 shares of the company's stock valued at $270,000 after purchasing an additional 655 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Triple Flag Precious Metals by 60.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,947 shares of the company's stock valued at $68,000 after purchasing an additional 730 shares during the period. Parvin Asset Management LLC grew its holdings in shares of Triple Flag Precious Metals by 2.0% during the 1st quarter. Parvin Asset Management LLC now owns 39,965 shares of the company's stock worth $1,387,000 after purchasing an additional 800 shares in the last quarter. Finally, Evelyn Partners Asset Management Ltd increased its stake in shares of Triple Flag Precious Metals by 33.3% in the first quarter. Evelyn Partners Asset Management Ltd now owns 4,000 shares of the company's stock valued at $139,000 after buying an additional 1,000 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a precious metals streaming and royalty company headquartered in Toronto, Canada. The company provides upfront financing to mining companies in exchange for the right to purchase a portion of future production, typically at predetermined prices. Its agreements are primarily focused on gold and silver, along with other precious metals and related by-products.

Triple Flag does not generally operate mines directly. Instead, it builds a diversified portfolio of streams and royalties linked to producing, developing and exploration-stage assets.

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