Triple Flag Precious Metals Corp (NYSE:TFPM) shares, rose in value, with the stock price up by 0.18% to the previous day’s close as strong demand from buyers drove the stock to $16.85.
Actively observing the price movement in the last trading, the stock closed the session at $16.82, falling within a range of $16.595 and $17.11. The value of beta (5-year monthly) was -0.222. Referring to stock’s 52-week performance, its high was $18.08, and the low was $11.75. On the whole, TFPM has fluctuated by 2.49% over the past month.
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With the market capitalization of Triple Flag Precious Metals Corp currently standing at about $3.39 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-05. The company’s Forward Dividend Ratio is 0.21, with its dividend yield at 1.26%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 255M, with a low estimate of 65.49M and a high estimate of 65.49M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 65.49M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TFPM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of TFPM currently trading nearly 3.48% and 6.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.84, while the 7-day volatility ratio is showing 2.75% which for the 30-day chart, stands at 2.55%. Furthermore, Triple Flag Precious Metals Corp (TFPM)’s beta value is -0.17, and its average true range (ATR) is 0.45.
A comparison of Triple Flag Precious Metals Corp (TFPM) with its peers suggests the former has fared considerably weaker in the market. TFPM showed an intraday change of 0.18% in last session, and over the past year, it grew by 27.65%%.
Data on historical trading for Triple Flag Precious Metals Corp (NYSE:TFPM) indicates that the trading volumes over the past 10 days have averaged 0.21 and over the past 3 months, they’ve averaged 214.97K. According to company’s latest data on outstanding shares, there are 201.35 million shares outstanding.
Nearly 3.66% of Triple Flag Precious Metals Corp’s shares belong to company insiders and institutional investors own 85.22% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.98 million shares as on 2024-08-30, resulting in a short ratio of 4.9. The stock has risen by 26.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TFPM stock heading into the next quarter.
