Triple Flag Precious Metals (NYSE:TFPM) Stock Price Breaks Above 50-Day Moving Average – Time to Sell?

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $31.37 and traded as high as $31.54. Triple Flag Precious Metals shares last traded at $31.5050, with a volume of 473,771 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TFPM shares. Scotiabank lowered their price objective on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Zacks Research raised Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Triple Flag Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 14th. Wall Street Zen downgraded shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Royal Bank Of Canada boosted their price objective on shares of Triple Flag Precious Metals from $40.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 16th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.25.

Triple Flag Precious Metals Price Performance

The company has a current ratio of 3.89, a quick ratio of 6.26 and a debt-to-equity ratio of 0.08. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 3.41 and a beta of -0.09. The stock has a 50-day moving average price of $31.37 and a two-hundred day moving average price of $32.64.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Tuesday, November 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. Triple Flag Precious Metals had a return on equity of 13.56% and a net margin of 82.56%. The company had revenue of $106.70 million for the quarter, compared to analyst estimates of $106.70 million. As a group, equities research analysts forecast that Triple Flag Precious Metals Corp. will post 1.31 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, November 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio is 12.00%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tidal Investments LLC grew its position in Triple Flag Precious Metals by 15.8% during the 2nd quarter. Tidal Investments LLC now owns 2,949,715 shares of the company’s stock worth $88,403,000 after purchasing an additional 402,924 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Triple Flag Precious Metals by 2.3% in the second quarter. Van ECK Associates Corp now owns 2,336,139 shares of the company’s stock worth $70,018,000 after buying an additional 53,175 shares during the last quarter. Beutel Goodman & Co Ltd. raised its holdings in shares of Triple Flag Precious Metals by 31.2% in the third quarter. Beutel Goodman & Co Ltd. now owns 1,549,883 shares of the company’s stock worth $47,803,000 after buying an additional 368,736 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Triple Flag Precious Metals during the second quarter worth $29,283,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Triple Flag Precious Metals by 8.7% during the first quarter. Dimensional Fund Advisors LP now owns 598,967 shares of the company’s stock worth $20,787,000 after buying an additional 48,144 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a precious metals streaming and royalty company. It provides mining companies with upfront financing in exchange for the right to purchase a portion of future metal production or receive royalty payments tied to production or revenue.

The company’s portfolio is focused on gold and silver, with exposure to other metals through some assets. Triple Flag holds interests in mines and development projects across several regions, including the Americas, Australia and Africa.