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

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $34.3333.

A number of equities research analysts have recently weighed in on TFPM shares. Zacks Research cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Wall Street Zen raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. 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, Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Monday, April 20th.

Institutional Investors Weigh In On Triple Flag Precious Metals

Hedge funds have recently made changes to their positions in the business. PFG Investments LLC grew its stake in shares of Triple Flag Precious Metals by 3.1% in the 4th quarter. PFG Investments LLC now owns 9,149 shares of the company’s stock valued at $304,000 after purchasing an additional 279 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of Triple Flag Precious Metals by 4.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,253 shares of the company’s stock worth $241,000 after purchasing an additional 290 shares in the last quarter. Public Employees Retirement System of Ohio increased 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 valued at $491,000 after buying an additional 368 shares in the last quarter. Caitlin John LLC increased its stake in Triple Flag Precious Metals by 11.2% in the 4th quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock valued at $124,000 after purchasing an additional 375 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Triple Flag Precious Metals by 4.2% during the 4th quarter. Blue Trust Inc. now owns 15,163 shares of the company’s stock worth $504,000 after buying an additional 609 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Price Performance

Shares of NYSE TFPM opened at $31.62 on Friday. Triple Flag Precious Metals has a 1 year low of $21.54 and a 1 year high of $41.70. The company has a market capitalization of $6.53 billion, a P/E ratio of 20.94, a P/E/G ratio of 5.61 and a beta of -0.20. The company has a 50 day simple moving average of $33.39 and a 200-day simple moving average of $34.53.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The company had revenue of $147.00 million for the quarter, compared to the consensus estimate of $147.00 million. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%. As a group, research analysts expect that Triple Flag Precious Metals will post 1.43 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.0575 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.23 annualized dividend and a yield of 0.7%. Triple Flag Precious Metals’s payout ratio is 15.23%.

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.