Triple Flag Precious Metals Corp. (NYSE:TFPM) Receives Average Recommendation of “Moderate Buy” from Analysts

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $22.00.

TFPM has been the subject of several analyst reports. National Bank Financial upgraded Triple Flag Precious Metals to a “strong-buy” rating in a research note on Wednesday, April 23rd. Jefferies Financial Group boosted their price objective on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, April 22nd. Raymond James reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Friday, April 4th. Scotiabank restated a “sector perform” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd.

Institutional Investors Weigh In On Triple Flag Precious Metals

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC increased its position in shares of Triple Flag Precious Metals by 6.0% during the 3rd quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock valued at $244,000 after purchasing an additional 857 shares during the last quarter. Principal Street Partners LLC grew its position in Triple Flag Precious Metals by 4.2% during the fourth quarter. Principal Street Partners LLC now owns 24,755 shares of the company’s stock valued at $372,000 after acquiring an additional 1,001 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Triple Flag Precious Metals by 3.5% during the fourth quarter. Mackenzie Financial Corp now owns 32,577 shares of the company’s stock worth $489,000 after acquiring an additional 1,101 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Triple Flag Precious Metals by 175.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company’s stock valued at $29,000 after purchasing an additional 1,208 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of Triple Flag Precious Metals by 9.1% in the 4th quarter. XTX Topco Ltd now owns 14,852 shares of the company’s stock valued at $223,000 after purchasing an additional 1,238 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Down 0.6 %

TFPM opened at $20.67 on Friday. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of -187.88, a PEG ratio of 0.78 and a beta of -0.25. The firm has a 50-day moving average price of $19.40 and a 200-day moving average price of $17.45. Triple Flag Precious Metals has a twelve month low of $13.94 and a twelve month high of $22.96.

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

Triple Flag Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Monday, March 3rd. Triple Flag Precious Metals’s dividend payout ratio is currently -200.00%.

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.