Triple Flag Precious Metals (NYSE:TFPM) Hits New 1-Year High – Time to Buy?

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) reached a new 52-week high during trading on Monday . The company traded as high as $18.09 and last traded at $18.09, with a volume of 200 shares trading hands. The stock had previously closed at $17.87.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TFPM. Scotiabank upped their target price on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group upped their price target on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Triple Flag Precious Metals Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.59 and a current ratio of 5.80. The business’s 50 day moving average price is $16.35 and its two-hundred day moving average price is $16.06.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. The business had revenue of $63.58 million during the quarter. Research analysts expect that Triple Flag Precious Metals Corp. will post 0.53 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, August 30th. Triple Flag Precious Metals’s payout ratio is -50.00%.

Institutional Trading of Triple Flag Precious Metals

Institutional investors and hedge funds have recently modified their holdings of the business. Lummis Asset Management LP boosted its position in Triple Flag Precious Metals by 1,756.8% in the second quarter. Lummis Asset Management LP now owns 47,887 shares of the company’s stock worth $742,000 after purchasing an additional 45,308 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Triple Flag Precious Metals in the 2nd quarter worth approximately $228,000. 1832 Asset Management L.P. purchased a new position in shares of Triple Flag Precious Metals in the second quarter worth approximately $165,000. Goehring & Rozencwajg Associates LLC grew its position in Triple Flag Precious Metals by 9.9% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 100,771 shares of the company’s stock valued at $1,563,000 after buying an additional 9,100 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Triple Flag Precious Metals by 37.0% during the second quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company’s stock valued at $5,602,000 after buying an additional 97,630 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

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.