Triple Flag Precious Metals (NYSE:TFPM) Raised to “Buy” at Wall Street Zen

Triple Flag Precious Metals (NYSE:TFPM) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Other equities analysts have also recently issued reports about the stock. Bank of America upped their price target on shares of Triple Flag Precious Metals from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Canaccord Genuity Group cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. BMO Capital Markets lowered shares of Triple Flag Precious Metals from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, October 8th. Finally, CIBC restated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and an average target price of $27.25.

Triple Flag Precious Metals Stock Performance

TFPM stock opened at $31.96 on Friday. Triple Flag Precious Metals has a fifty-two week low of $14.51 and a fifty-two week high of $33.51. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 1.02 and a beta of -0.18. The company’s 50 day moving average price is $28.37 and its 200 day moving average price is $24.64.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $94.09 million for the quarter, compared to analyst estimates of $82.76 million. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. Equities analysts forecast that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

Institutional Trading of Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SVB Wealth LLC acquired a new position in shares of Triple Flag Precious Metals during the first quarter worth $34,000. Employees Retirement System of Texas acquired a new position in Triple Flag Precious Metals during the 2nd quarter worth $36,000. ORG Wealth Partners LLC bought a new stake in shares of Triple Flag Precious Metals in the 2nd quarter worth about $97,000. Tower Research Capital LLC TRC lifted its holdings in Triple Flag Precious Metals by 160.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,015 shares of the company’s stock worth $119,000 after buying an additional 3,086 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Triple Flag Precious Metals by 4,954.7% in the second quarter. Osaic Holdings Inc. now owns 5,914 shares of the company’s stock valued at $140,000 after acquiring an additional 5,797 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., 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.