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

Triple Flag Precious Metals Corp. (NYSE:TFPM) reached a new 52-week high during trading on Thursday, with shares climbing to $19.50. The stock's last trade was recorded at $19.15, accompanied by a trading volume of 245 shares. Previously, the stock had closed at $19.25.

Triple Flag Precious Metals Stock Performance

Currently, the stock has seen a slight decrease of 0.7%. With a market capitalization of $3.84 billion, the company has a P/E ratio of -173.50, a PEG ratio of 0.78, and a beta of -0.08. As for its moving averages, the 50-day average stands at $16.83, while the 200-day average is $16.57.

Recent Earnings Announcement

On February 19, Triple Flag Precious Metals announced its quarterly earnings, reporting an earnings per share (EPS) of $0.18. This result beat the consensus estimate of $0.16 by $0.02. The company achieved a positive return on equity of 6.63%, although it presented a negative net margin of 8.58%. The quarterly revenue was $74.21 million, slightly above analysts' expectations of $74.10 million. For the current fiscal year, analysts anticipate that Triple Flag Precious Metals Corp. will post an EPS of 0.71.

Dividend Information

Recently, Triple Flag Precious Metals announced a quarterly dividend, which was paid on March 14. Shareholders on record as of March 3 received a dividend of $0.055 per share. This translates to an annualized dividend of $0.22, resulting in a yield of about 1.15%. It is worth noting that the company's dividend payout ratio is currently at -200.00%.

Institutional Activity

There have been noteworthy movements among institutional investors regarding Triple Flag Precious Metals. Virtu Financial LLC increased its stake in the company by 6.0% during the third quarter, now owning 15,066 shares valued at $244,000 after acquiring an additional 857 shares. Additionally, Quadrature Capital Ltd raised its stake by 3.0%, holding 34,800 shares valued at $564,000 after purchasing 1,000 additional shares. Numerous other firms, including Principal Street Partners LLC and Mackenzie Financial Corp, have similarly increased their holdings. Overall, institutional investors and hedge funds own approximately 82.91% of the stock.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is primarily focused on precious metals streaming and royalty services. The company engages in acquiring, and managing precious metals, streams, royalties, and other mineral interests across various countries including Australia, Canada, Colombia, and more.

Should You Invest in Triple Flag Precious Metals?

Before making any investment decisions about Triple Flag Precious Metals, it is essential to consider expert opinions and market trends. Although the stock has a Moderate Buy rating among analysts, some may argue that alternative stocks offer better investment opportunities.

Overall, Triple Flag Precious Metals has shown promising gains recently, but potential investors should conduct thorough research and analysis before deciding to invest.

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