Triple Flag Precious Metals (NYSE:TFPM) Reaches New 1-Year High - Still a Buy?

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.90 and last traded at $21.63, with a volume of 369833 shares traded. The stock had previously closed at $21.60.

Analysts Set New Price Targets

A number of research firms recently weighed in on TFPM. Raymond James restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Friday, April 4th. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.00.

Triple Flag Precious Metals Stock Down 0.2 %

The stock has a market cap of $4.41 billion, a PE ratio of -200.00, a P/E/G ratio of 0.78 and a beta of -0.25. The firm's fifty day moving average price is $18.70 and its 200 day moving average price is $17.15.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $74.21 million for the quarter, compared to analysts' expectations of $74.10 million. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. As a group, analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The company also recently disclosed 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 yield of 1.00%. The ex-dividend date was Monday, March 3rd. Triple Flag Precious Metals's payout ratio is -200.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TFPM. Virtu Financial LLC lifted its position in Triple Flag Precious Metals by 6.0% during the third quarter. Virtu Financial LLC now owns 15,066 shares of the company's stock valued at $244,000 after purchasing an additional 857 shares during the last quarter. Principal Street Partners LLC raised its position in shares of Triple Flag Precious Metals by 4.2% during the 4th quarter. Principal Street Partners LLC now owns 24,755 shares of the company's stock valued at $372,000 after buying an additional 1,001 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Triple Flag Precious Metals by 3.5% in the 4th quarter. Mackenzie Financial Corp now owns 32,577 shares of the company's stock valued at $489,000 after acquiring an additional 1,101 shares during the last quarter. Farther Finance Advisors LLC grew its position in Triple Flag Precious Metals by 175.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock worth $29,000 after acquiring an additional 1,208 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in Triple Flag Precious Metals by 9.1% during the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after acquiring an additional 1,238 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

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.