Triple Flag Precious Metals (NYSE:TFPM) Cut to Hold at Wall Street Zen

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

TFPM has been the topic of a number of other reports. Zacks Research lowered shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Triple Flag Precious Metals Trading Down 7.0%

Shares of TFPM stock opened at $28.27 on Friday. Triple Flag Precious Metals has a 1 year low of $22.60 and a 1 year high of $41.70. The firm’s 50 day moving average is $33.22 and its 200-day moving average is $34.51. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 5.57 and a beta of -0.22.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. The company had revenue of $147.00 million for the quarter, compared to analyst estimates of $147.00 million. On average, equities research analysts forecast that Triple Flag Precious Metals will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Triple Flag Precious Metals

Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. acquired a new stake in Triple Flag Precious Metals in the third quarter worth $27,000. Banque Cantonale Vaudoise acquired a new stake in Triple Flag Precious Metals in the first quarter worth $33,000. Quarry LP acquired a new stake in Triple Flag Precious Metals in the third quarter worth $33,000. Aventura Private Wealth LLC acquired a new stake in Triple Flag Precious Metals in the fourth quarter worth $38,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Triple Flag Precious Metals by 120.1% in the fourth 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. 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.