Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $23.10 and last traded at $23.23, with a volume of 113083 shares trading hands. The stock had previously closed at $21.91.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. National Bank Financial raised Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Jefferies Financial Group boosted their price objective on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Raymond James reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. BMO Capital Markets reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, April 23rd. Finally, Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Triple Flag Precious Metals has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.
View Our Latest Stock Analysis on TFPM
Triple Flag Precious Metals Stock Performance
The company has a fifty day simple moving average of $21.04 and a two-hundred day simple moving average of $18.20. The firm has a market capitalization of $4.81 billion, a PE ratio of -217.77, a PEG ratio of 0.78 and a beta of -0.24.
Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $82.25 million for the quarter, compared to analysts' expectations of $72.14 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. On average, equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.
Triple Flag Precious Metals Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, May 30th. Triple Flag Precious Metals's payout ratio is 733.33%.
Institutional Trading of Triple Flag Precious Metals
Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in shares of 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. SVB Wealth LLC acquired a new stake in shares of Triple Flag Precious Metals in the first quarter valued at about $34,000. Northwest & Ethical Investments L.P. acquired a new position in shares of Triple Flag Precious Metals during the 4th quarter worth approximately $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Triple Flag Precious Metals during the 4th quarter worth $134,000. Finally, Quantbot Technologies LP raised its position in shares of Triple Flag Precious Metals by 1,258.9% during the 1st quarter. Quantbot Technologies LP now owns 9,390 shares of the company's stock valued at $180,000 after buying an additional 8,699 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.
About Triple Flag Precious Metals
(
Get Free Report)
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.
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