Triple Flag Precious Metals Corp. (NYSE:TFPM – Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $16.72 and last traded at $16.47, with a volume of 38363 shares trading hands. The stock had previously closed at $16.59.
Wall Street Analyst Weigh In
A number of brokerages recently commented on TFPM. Bank of America upped their target price on Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a “buy” rating in a report on Monday, March 18th. Jefferies Financial Group raised their target price on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd.
Triple Flag Precious Metals Trading Down 0.8 %
The company has a market cap of $3.31 billion, a PE ratio of 86.58, a PEG ratio of 2.39 and a beta of -0.12. The stock has a 50 day moving average price of $14.97 and a 200 day moving average price of $13.61. The company has a current ratio of 4.40, a quick ratio of 3.21 and a debt-to-equity ratio of 0.03.
Triple Flag Precious Metals (NYSE:TFPM – Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $51.74 million during the quarter. Triple Flag Precious Metals had a return on equity of 4.17% and a net margin of 17.59%. Sell-side analysts predict that Triple Flag Precious Metals Corp. will post 0.46 EPS for the current fiscal year.
Triple Flag Precious Metals Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, May 31st. Triple Flag Precious Metals’s dividend payout ratio is 110.53%.
Institutional Investors Weigh In On Triple Flag Precious Metals
Hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. lifted its stake in shares of Triple Flag Precious Metals by 112.7% in the first quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after buying an additional 4,029 shares in the last quarter. Tocqueville Asset Management L.P. bought a new position in Triple Flag Precious Metals in the 3rd quarter valued at approximately $134,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Triple Flag Precious Metals by 51.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,125 shares of the company’s stock valued at $175,000 after purchasing an additional 4,475 shares during the last quarter. Meixler Investment Management Ltd. increased its holdings in shares of Triple Flag Precious Metals by 10.6% in the 3rd quarter. Meixler Investment Management Ltd. now owns 13,450 shares of the company’s stock worth $176,000 after purchasing an additional 1,287 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in shares of Triple Flag Precious Metals by 24.9% in the third quarter. Orion Portfolio Solutions LLC now owns 15,187 shares of the company’s stock worth $198,000 after purchasing an additional 3,026 shares during the last quarter. 82.91% of the stock is owned by institutional investors.
Triple Flag Precious Metals Company Profile
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.
Featured Articles
Receive News & Ratings for Triple Flag Precious Metals Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Triple Flag Precious Metals and related companies with MarketBeat.com’s FREE daily email newsletter.