Triple Flag Precious Metals (NYSE:TFPM) Downgraded by Wall Street Zen to Hold

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

A number of other research analysts also recently commented on the company. 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. Canaccord Genuity Group upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Friday, June 12th. Zacks Research downgraded shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Jefferies Financial Group reduced their price target on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating for the company in a report on Monday, July 6th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Friday, June 12th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Triple Flag Precious Metals Stock Down 1.4%

TFPM stock traded down $0.41 during midday trading on Friday, reaching $28.11. The company had a trading volume of 412,106 shares, compared to its average volume of 763,555. The firm has a market capitalization of $5.81 billion, a PE ratio of 18.61, a P/E/G ratio of 2.54 and a beta of -0.19. The stock has a 50 day moving average price of $30.60 and a 200 day moving average price of $33.94. Triple Flag Precious Metals has a fifty-two week low of $22.60 and a fifty-two week high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $147.00 million for the quarter, compared to analysts’ expectations of $147.00 million. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%. Research analysts predict that Triple Flag Precious Metals will post 1.34 EPS for the current year.

Institutional Trading of Triple Flag Precious Metals

Several large investors have recently added to or reduced their stakes in TFPM. Banque Cantonale Vaudoise bought a new stake in Triple Flag Precious Metals during the 1st quarter valued at $33,000. Quarry LP bought a new position in shares of Triple Flag Precious Metals in the third quarter worth $33,000. Aventura Private Wealth LLC bought a new position in shares of Triple Flag Precious Metals in the fourth quarter worth $38,000. EverSource Wealth Advisors LLC increased its holdings in shares of Triple Flag Precious Metals by 120.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock valued at $40,000 after purchasing an additional 664 shares during the period. Finally, Caitlin John LLC increased its holdings in shares of Triple Flag Precious Metals by 11.2% during the fourth quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock valued at $124,000 after purchasing an additional 375 shares during the period. 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.