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Triple Flag Precious Metals Corp (TFPM) – Don’t Be So Quick to Call it Dead

Triple Flag Precious Metals Corp (NYSE: TFPM) is 8.56% higher on its value in year-to-date trading and has touched a low of $11.75 and a high of $17.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TFPM stock was last observed hovering at around $14.35 in the last trading session, with the day’s gains setting it 0.1%.

Currently trading at $14.45, the stock is 7.00% and 11.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing 0.70% at the moment leaves the stock 9.76% off its SMA200. TFPM registered 0.49% gain for a year compared to 6-month loss of 15.14%. The firm has a 50-day simple moving average (SMA 50) of $14.33 and a 200-day simple moving average (SMA200) of $26.79.

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The stock witnessed a 17.38% gain in the last 1 month and extending the period to 3 months gives it a 7.12%, and is 5.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.27% over the week and 2.57% over the month.

Current P/E ratio is 78.70 and Fwd P/E is 27.59. Profit margin for the company is 17.78%. Distance from 52-week low is 22.98% and -16.62% from its 52-week high. The company has generated returns on investments over the last 12 months (1.94%).

Triple Flag Precious Metals Corp quarterly earnings per share for the current quarter are estimated at $0.09.The EPS is expected to grow by 22.73% this year

151 institutions hold shares in Triple Flag Precious Metals Corp (TFPM), with institutional investors hold 87.70% of the company’s shares. The shares outstanding are 201.35M, and float is at 194.10M with Short Float at 0.28%. Institutions hold 85.18% of the Float.

The top institutional shareholder in the company is Elliott Investment Management L.p. with over 134.59 million shares valued at $1.85 billion. The investor’s holdings represent 66.74% of the TFPM Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 3.86 million shares valued at $53.18 million to account for 1.91% of the shares outstanding. The other top investors are Whitebox Advisors, LLC which holds 3.57 million shares representing 1.77% and valued at over $49.16 million, while Van Eck Associates Corporation holds 1.67% of the shares totaling 3.36 million with a market value of $46.28 million.

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