Triple Flag Precious Metals (NYSE:TFPM) Reaches New 12-Month High - Still a Buy?

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) reached a new 52-week high during trading on Thursday, peaking at $19.50 before closing at $19.15 with a trading volume of 245 shares. The stock had previously closed the day at $19.25.

Triple Flag Precious Metals Stock Performance

Despite the recent rise, the stock saw a slight decline of 0.7%. It holds a market capitalization of $3.84 billion, and currently has a P/E ratio of -173.50 and a PEG ratio of 0.78, indicating some financial complexities. The stock has a beta of -0.08, suggesting that it is less volatile than the market overall. Additionally, the company’s 50-day moving average is $16.83 while the 200-day moving average stands at $16.57.

Triple Flag Precious Metals recently disclosed its quarterly earnings. For the quarter ending on February 19th, the company reported earnings per share (EPS) of $0.18, surpassing the consensus estimate of $0.16 by $0.02. The company secured a positive return on equity of 6.63%, although it recorded a negative net margin of 8.58%. During this quarter, revenue amounted to $74.21 million, slightly above the analyst expectations of $74.10 million. Analysts forecast that the company will post an EPS of $0.71 for the current fiscal year.

Dividend Announcements from Triple Flag Precious Metals

On March 14th, the company paid a quarterly dividend of $0.055 per share to shareholders who were on record as of March 3rd. This translates to an annualized dividend of $0.22, providing a yield of 1.15%. However, it is worth noting that Triple Flag Precious Metals's dividend payout ratio is currently at -200.00%.

Institutional Activity Surrounding Triple Flag Precious Metals

Recent trading activity indicates that several hedge funds are actively managing their stakes in the stock. For example, Virtu Financial LLC increased its stake by 6.0% in the third quarter, now holding 15,066 shares valued at $244,000 after acquiring an additional 857 shares. Similarly, Quadrature Capital Ltd raised its position by 3.0%, bringing its total to 34,800 shares valued at $564,000. Other notable increases in holdings happened with Principal Street Partners LLC and Mackenzie Financial Corp, indicating a growing interest among institutional investors. Overall, approximately 82.91% of the stock is owned by such entities.

Overview of Triple Flag Precious Metals

Triple Flag Precious Metals Corp. specializes in the streaming and royalty model focused on precious metals. The company engages in acquiring and managing interests in a range of precious metals across various countries, including Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and other international locations.

Conclusion: Is Triple Flag Precious Metals Still a Good Investment?

Before investing in Triple Flag Precious Metals, potential investors should consider the current market situation. While the company holds a Moderate Buy rating among analysts, some experts suggest that there are alternative stocks that might offer better investment opportunities. Keeping abreast of market dynamics and analysts' insights holds paramount importance for informed investment decisions.

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