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

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the firm, Marketbeat.com reports. Three equities 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 target among analysts that have issued ratings on the stock in the last year is $40.00.

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Saturday. BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Friday, June 12th. Canaccord Genuity Group raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Friday, June 12th. Zacks Research lowered Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings lowered Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th.

Triple Flag Precious Metals Price Performance

Shares of NYSE:TFPM opened at $29.96 on Wednesday. The business’s 50 day simple moving average is $31.26 and its 200-day simple moving average is $34.19. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 3.18 and a beta of -0.22. Triple Flag Precious Metals has a 12 month low of $22.60 and a 12 month high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%.The firm had revenue of $147.00 million for the quarter, compared to analyst estimates of $147.00 million. On average, equities analysts anticipate that Triple Flag Precious Metals will post 1.52 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.0575 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.23 annualized dividend and a yield of 0.8%. Triple Flag Precious Metals’s payout ratio is 15.23%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise acquired a new position in Triple Flag Precious Metals in the 1st quarter valued at $33,000. Quarry LP acquired a new position in Triple Flag Precious Metals in the 3rd quarter valued at $33,000. Aventura Private Wealth LLC acquired a new position in Triple Flag Precious Metals in the 4th quarter valued at $38,000. EverSource Wealth Advisors LLC raised its holdings in Triple Flag Precious Metals by 120.1% in the 4th 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 last quarter. Finally, Caitlin John LLC acquired a new position in Triple Flag Precious Metals in the 3rd quarter valued at $98,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.