Short Interest in Triple Flag Precious Metals Corp. (NYSE:TFPM) Increases By 32.1%

Triple Flag Precious Metals Corp. (NYSE:TFPM) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,150,000 shares, a growth of 32.1% from the February 13th total of 870,500 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 296,000 shares, the short-interest ratio is currently 3.9 days.

Triple Flag Precious Metals Price Performance

Shares of NYSE TFPM traded up $0.21 during midday trading on Tuesday, hitting $19.15. The stock had a trading volume of 191,184 shares, compared to its average volume of 272,505. The company’s 50-day simple moving average is $16.68 and its 200 day simple moving average is $16.54. The firm has a market cap of $3.85 billion, a P/E ratio of -174.09, a price-to-earnings-growth ratio of 0.78 and a beta of -0.08. Triple Flag Precious Metals has a fifty-two week low of $13.31 and a fifty-two week high of $19.48.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Wednesday, February 19th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. The company had revenue of $74.21 million during the quarter, compared to analysts’ expectations of $74.10 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. Equities analysts expect that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.055 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.22 annualized dividend and a dividend yield of 1.15%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently -200.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Orion Portfolio Solutions LLC boosted its position in shares of Triple Flag Precious Metals by 103.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 46,902 shares of the company’s stock worth $759,000 after purchasing an additional 23,840 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Triple Flag Precious Metals by 148.3% in the 3rd quarter. Geode Capital Management LLC now owns 64,744 shares of the company’s stock worth $1,235,000 after purchasing an additional 38,673 shares during the last quarter. FMR LLC boosted its position in shares of Triple Flag Precious Metals by 8.9% in the 3rd quarter. FMR LLC now owns 4,061,121 shares of the company’s stock worth $65,761,000 after purchasing an additional 333,574 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Triple Flag Precious Metals by 18.0% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock worth $25,838,000 after purchasing an additional 242,906 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Triple Flag Precious Metals in the 3rd quarter worth $1,128,000. 82.91% of the stock is currently owned by institutional investors.

About Triple Flag Precious Metals

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.