Triple Flag Precious Metals Corp. (NYSE:TFPM) Given Average Recommendation of “Moderate Buy” by Brokerages

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $30.00.

Several research firms have recently commented on TFPM. Raymond James Financial reissued an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Friday, October 10th. Bank of America boosted their target price on shares of Triple Flag Precious Metals from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Scotiabank decreased their price target on shares of Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group cut shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd.

Triple Flag Precious Metals Price Performance

NYSE TFPM opened at $33.39 on Wednesday. The company has a market cap of $6.90 billion, a PE ratio of 33.06, a P/E/G ratio of 0.90 and a beta of -0.22. The firm’s 50 day moving average price is $31.54 and its 200-day moving average price is $28.23. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.68 and a current ratio of 1.68. Triple Flag Precious Metals has a 52-week low of $14.51 and a 52-week high of $35.86.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $93.50 million during the quarter, compared to the consensus estimate of $87.46 million. Triple Flag Precious Metals had a net margin of 59.43% and a return on equity of 9.56%. Sell-side analysts forecast that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.0575 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, December 1st. Triple Flag Precious Metals’s dividend payout ratio is currently 22.77%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its holdings in Triple Flag Precious Metals by 2.2% in the third quarter. Public Employees Retirement System of Ohio now owns 16,751 shares of the company’s stock worth $491,000 after acquiring an additional 368 shares in the last quarter. Goehring & Rozencwajg Associates LLC raised its position in shares of Triple Flag Precious Metals by 0.6% in the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 100,724 shares of the company’s stock valued at $2,948,000 after purchasing an additional 636 shares during the last quarter. Parvin Asset Management LLC raised its position in shares of Triple Flag Precious Metals by 1.7% in the 3rd quarter. Parvin Asset Management LLC now owns 38,940 shares of the company’s stock valued at $1,139,000 after purchasing an additional 650 shares during the last quarter. SBI Securities Co. Ltd. grew its position in Triple Flag Precious Metals by 100.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock worth $41,000 after purchasing an additional 706 shares during the last quarter. Finally, Mariner LLC grew its position in Triple Flag Precious Metals by 6.1% during the 3rd quarter. Mariner LLC now owns 15,667 shares of the company’s stock worth $458,000 after purchasing an additional 906 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Triple Flag Precious Metals Company Profile

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.