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

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $32.25.

Several equities analysts have recently issued reports on the company. Scotiabank lifted their price target on Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Wednesday, January 21st. Wall Street Zen downgraded Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, February 4th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a report on Thursday, January 15th.

Institutional Trading of Triple Flag Precious Metals

Several large investors have recently modified their holdings of TFPM. Bessemer Group Inc. bought a new stake in shares of Triple Flag Precious Metals during the 3rd quarter valued at about $27,000. Quarry LP purchased a new position in shares of Triple Flag Precious Metals during the 3rd quarter worth $33,000. Employees Retirement System of Texas bought a new stake in shares of Triple Flag Precious Metals during the 2nd quarter valued at $36,000. Aventura Private Wealth LLC purchased a new stake in shares of Triple Flag Precious Metals in the 4th quarter worth $38,000. Finally, 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 worth $40,000 after purchasing an additional 664 shares during the period. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Price Performance

Shares of NYSE TFPM opened at $35.90 on Thursday. Triple Flag Precious Metals has a fifty-two week low of $16.26 and a fifty-two week high of $40.29. The company has a 50 day simple moving average of $35.44 and a two-hundred day simple moving average of $31.25. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 35.55, a P/E/G ratio of 0.95 and a beta of -0.21. 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 (NYSE:TFPM) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Triple Flag Precious Metals had a return on equity of 9.56% and a net margin of 59.43%.The firm had revenue of $118.92 million for the quarter, compared to analysts’ expectations of $114.92 million. Analysts expect that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

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.