Triple Flag Precious Metals Corp. (NYSE:TFPM) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have been given a consensus rating of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $38.6667.

Several analysts have issued reports on TFPM shares. Zacks Research raised shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Friday, June 12th. Scotiabank reduced their target price on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Weiss Ratings downgraded Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Finally, Canaccord Genuity Group raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Friday, June 12th.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals stock opened at $32.76 on Thursday. Triple Flag Precious Metals has a fifty-two week low of $25.06 and a fifty-two week high of $41.70. The firm’s 50 day simple moving average is $29.71 and its 200-day simple moving average is $32.72. The company has a market cap of $6.75 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 2.77 and a beta of -0.18.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. The business had revenue of $129.20 million during the quarter, compared to the consensus estimate of $129.20 million. On average, analysts expect that Triple Flag Precious Metals will post 1.4 EPS for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.06 dividend. The ex-dividend date is Monday, August 31st. This is a positive change from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.7%. Triple Flag Precious Metals’s dividend payout ratio is currently 11.56%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. First Bancorp Inc ME bought a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at approximately $71,000. Banque Cantonale Vaudoise bought a new position in shares of Triple Flag Precious Metals during the 1st quarter worth approximately $33,000. Quarry LP acquired a new stake in Triple Flag Precious Metals in the 3rd quarter valued at $33,000. EverSource Wealth Advisors LLC grew its position in Triple Flag Precious Metals by 120.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock valued at $40,000 after acquiring an additional 664 shares during the period. Finally, Fiduciary Financial Advisors bought a new stake in Triple Flag Precious Metals in the second quarter valued at $47,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

About Triple Flag Precious Metals

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.