Triple Flag Precious Metals Corp. (NYSE:TFPM) Receives $30.00 Average PT from Analysts

Triple Flag Precious Metals Corp. (NYSE:TFPM) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $30.00.

Several brokerages have weighed in on TFPM. Canaccord Genuity Group lowered shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Scotiabank cut their target price on Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Zacks Research downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th.

Triple Flag Precious Metals Trading Down 1.1%

NYSE TFPM opened at $32.39 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $30.37 and its 200-day simple moving average is $27.00. The stock has a market cap of $6.69 billion, a P/E ratio of 32.07, a PEG ratio of 0.92 and a beta of -0.23. Triple Flag Precious Metals has a 52 week low of $14.51 and a 52 week high of $34.50.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Tuesday, November 4th. The company reported $0.24 earnings per share 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 the consensus estimate of $87.46 million. Triple Flag Precious Metals had a return on equity of 9.56% and a net margin of 59.43%. Equities research analysts predict that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.0575 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.23 annualized dividend and a yield of 0.7%. Triple Flag Precious Metals’s payout ratio is 22.77%.

Institutional Trading of Triple Flag Precious Metals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. acquired a new stake in Triple Flag Precious Metals during the 3rd quarter valued at $27,000. Quarry LP bought a new position in shares of Triple Flag Precious Metals during the 3rd quarter valued at $33,000. SBI Securities Co. Ltd. lifted its position 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 buying an additional 706 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in Triple Flag Precious Metals in the 2nd quarter worth approximately $36,000. Finally, SVB Wealth LLC acquired a new stake in shares of Triple Flag Precious Metals in the first quarter worth $34,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Company Profile

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.