Triple Flag Precious Metals (NYSE:TFPM) Reaches New 52-Week High – Should You Buy?

Triple Flag Precious Metals Corp. (NYSE:TFPM) hit a new 52-week high during trading on Monday . The company traded as high as $36.71 and last traded at $36.39, with a volume of 64839 shares trading hands. The stock had previously closed at $35.10.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TFPM. Zacks Research downgraded shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Bank of America upped their target price on Triple Flag Precious Metals from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Canaccord Genuity Group cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Wall Street Zen downgraded Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Triple Flag Precious Metals Price Performance

The company has a 50 day moving average of $32.45 and a 200 day moving average of $28.77. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 1.18 and a beta of -0.21. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.01.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The company had revenue of $93.50 million during the quarter, compared to analysts’ expectations of $87.46 million. Triple Flag Precious Metals had a return on equity of 9.56% and a net margin of 59.43%. As a group, equities research analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.0575 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, December 1st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 22.77%.

Institutional Trading of Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. acquired a new position in shares of Triple Flag Precious Metals during the third quarter worth approximately $27,000. Quarry LP acquired a new stake in Triple Flag Precious Metals in the 3rd quarter valued at approximately $33,000. Employees Retirement System of Texas bought a new stake in Triple Flag Precious Metals during the 2nd quarter valued at $36,000. Aventura Private Wealth LLC acquired a new position in Triple Flag Precious Metals during the 4th quarter worth $38,000. Finally, SBI Securities Co. Ltd. grew its stake in shares of Triple Flag Precious Metals by 100.6% in the third quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock worth $41,000 after purchasing an additional 706 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.