Triple Flag Precious Metals (NYSE:TFPM) Stock Rating Lowered by Zacks Research

Triple Flag Precious Metals (NYSE:TFPM) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other analysts have also recently issued reports on TFPM. Wall Street Zen raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a report on Thursday, January 15th. Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, January 21st. Scotiabank raised their price objective on Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Triple Flag Precious Metals has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

Triple Flag Precious Metals Price Performance

Shares of TFPM stock opened at $35.60 on Thursday. The firm’s 50-day simple moving average is $36.00 and its 200-day simple moving average is $33.62. Triple Flag Precious Metals has a 1-year low of $19.36 and a 1-year high of $41.70. The firm has a market cap of $7.35 billion, a P/E ratio of 30.17, a PEG ratio of 2.04 and a beta of -0.09.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Wednesday, February 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%. The firm had revenue of $118.92 million during the quarter, compared to the consensus estimate of $114.92 million. Analysts expect that Triple Flag Precious Metals will post 0.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. PFG Investments LLC boosted its position in shares of Triple Flag Precious Metals by 3.1% in the fourth quarter. PFG Investments LLC now owns 9,149 shares of the company’s stock worth $304,000 after buying an additional 279 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in shares of Triple Flag Precious Metals by 4.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,253 shares of the company’s stock valued at $241,000 after buying an additional 290 shares during the period. Public Employees Retirement System of Ohio lifted its position in Triple Flag Precious Metals by 2.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,751 shares of the company’s stock worth $491,000 after acquiring an additional 368 shares in the last quarter. Caitlin John LLC lifted its position in Triple Flag Precious Metals by 11.2% during the 4th quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock worth $124,000 after acquiring an additional 375 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Triple Flag Precious Metals by 4.2% in the 4th quarter. Blue Trust Inc. now owns 15,163 shares of the company’s stock worth $504,000 after acquiring an additional 609 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.