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

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have received a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $30.00.

Several equities research analysts have issued reports on TFPM shares. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th. Scotiabank lowered their price objective on shares of Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Raymond James Financial reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Friday, October 10th. Canaccord Genuity Group cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TFPM. Norges Bank bought a new stake in Triple Flag Precious Metals in the second quarter valued at approximately $24,816,000. Tidal Investments LLC increased its stake in shares of Triple Flag Precious Metals by 59.5% in the third quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock worth $70,113,000 after buying an additional 893,566 shares during the period. Vanguard Group Inc. increased its stake in shares of Triple Flag Precious Metals by 1,619.6% in the third quarter. Vanguard Group Inc. now owns 928,368 shares of the company’s stock worth $27,177,000 after buying an additional 874,382 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Triple Flag Precious Metals by 67.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,097,794 shares of the company’s stock valued at $49,731,000 after buying an additional 844,765 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Triple Flag Precious Metals by 39.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock valued at $77,373,000 after buying an additional 753,923 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals stock opened at $38.56 on Friday. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 38.18, a PEG ratio of 1.16 and a beta of -0.21. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $34.07 and a 200 day simple moving average of $29.68. Triple Flag Precious Metals has a 52 week low of $15.45 and a 52 week high of $39.73.

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

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.0575 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.23 dividend on an annualized basis and a yield of 0.6%. Triple Flag Precious Metals’s payout ratio is presently 22.77%.

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.