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

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) reached a new 52-week high during trading recently, hitting $19.50 before settling at $19.15 with a total volume of 245 shares. Prior to this increase, the stock closed at $19.25.

Triple Flag Precious Metals Stock Overview

The stock experienced a slight decrease of 0.7%. It possesses a market capitalization of $3.84 billion, with a P/E ratio of -173.50, a PEG ratio of 0.78, and a beta of -0.08. The company's moving averages stand at $16.83 over the past 50 days and $16.57 over 200 days.

Latest Earnings Report

Triple Flag Precious Metals released its quarterly earnings on February 19th. The company announced earnings per share (EPS) of $0.18, surpassing the anticipated EPS of $0.16 by $0.02. The return on equity was noted at 6.63%, though the net margin was reported at a negative 8.58%. The revenue for the quarter totaled $74.21 million, slightly above analyst expectations of $74.10 million. Projections suggest that the company may post an EPS of 0.71 for the current fiscal year.

Dividend Information

The company also recently announced a quarterly dividend, which was disbursed on March 14th. Shareholders on record as of March 3rd received a dividend of $0.055 per share. This results in an annualized dividend of $0.22, yielding a 1.15%. At this time, Triple Flag Precious Metals maintains a dividend payout ratio of -200.00%.

Institutional Investment Trends

Several hedge funds have engaged in trading of Triple Flag Precious Metals stock recently. Virtu Financial LLC increased its stake by 6.0%, now owning 15,066 shares valued at $244,000. Quadrature Capital Ltd also raised its position by 3.0% and currently owns 34,800 shares valued at $564,000. Other firms, including Principal Street Partners LLC and Mackenzie Financial Corp, similarly increased their stakes. Currently, 82.91% of the company's stock is owned by institutional investors and hedge funds.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a streaming and royalty company that focuses on precious metals. It actively acquires and manages precious metal streams, royalties, and other mineral interests across various regions, including Australia, Canada, Colombia, and several others internationally.

Should You Invest in Triple Flag Precious Metals?

Before investing in Triple Flag Precious Metals, it may be beneficial to consider insights from leading market analysts. While the current consensus indicates a Moderate Buy rating for the stock, other analysts have identified five stocks that they believe present better investment opportunities.

Stocks, Investment, Earnings