Triple Flag Precious Metals Corp. (NYSE:TFPM) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $39.25.

Several research firms have issued reports on TFPM. Zacks Research raised Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Scotiabank lowered their target price on 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. Royal Bank Of Canada lifted their target price on Triple Flag Precious Metals from $40.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Jefferies Financial Group dropped their target price on Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Finally, Wall Street Zen lowered Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th.

Institutional Trading of Triple Flag Precious Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in Triple Flag Precious Metals during the 1st quarter worth about $33,000. Integrated Wealth Concepts LLC acquired a new position in Triple Flag Precious Metals during the 2nd quarter valued at about $44,000. Fiduciary Financial Advisors bought a new position in shares of Triple Flag Precious Metals in the 2nd quarter valued at about $47,000. EverSource Wealth Advisors LLC boosted its stake in shares of Triple Flag Precious Metals by 60.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,947 shares of the company’s stock valued at $68,000 after purchasing an additional 730 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd boosted its stake in shares of Triple Flag Precious Metals by 33.3% in the 1st quarter. Evelyn Partners Asset Management Ltd now owns 4,000 shares of the company’s stock valued at $139,000 after purchasing an additional 1,000 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

Triple Flag Precious Metals Price Performance

TFPM opened at $29.00 on Tuesday. Triple Flag Precious Metals has a one year low of $26.61 and a one year high of $41.70. The company’s 50 day simple moving average is $32.11 and its 200-day simple moving average is $32.94. The stock has a market capitalization of $5.96 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 3.07 and a beta of -0.13.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $129.20 million. As a group, analysts anticipate that Triple Flag Precious Metals will post 1.33 EPS for the current year.

Triple Flag Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a $0.06 dividend. The ex-dividend date was Monday, August 31st. This is a positive change from Triple Flag Precious Metals’s previous quarterly dividend of $0.0575. This represents a $0.24 dividend on an annualized basis and a yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio is 12.06%.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a precious metals streaming and royalty company headquartered in Toronto, Canada. The company provides upfront financing to mining companies in exchange for the right to purchase a portion of future production, typically at predetermined prices. Its agreements are primarily focused on gold and silver, along with other precious metals and related by-products.

Triple Flag does not generally operate mines directly. Instead, it builds a diversified portfolio of streams and royalties linked to producing, developing and exploration-stage assets.