Triple Flag Precious Metals (NYSE:TFPM) Price Target Raised to $18.00 at Jefferies Financial Group

Triple Flag Precious Metals (NYSE:TFPM) had its price objective upped by Jefferies Financial Group from $14.00 to $18.00 in a research note published on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also issued reports about the stock. TheStreet upgraded shares of Triple Flag Precious Metals from a d+ rating to a c- rating in a research note on Wednesday, December 27th. Bank of America lifted their price objective on Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a buy rating in a research note on Monday, March 18th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, Triple Flag Precious Metals presently has an average rating of Buy and an average target price of $21.80.

Triple Flag Precious Metals Price Performance

Shares of NYSE:TFPM opened at $15.08 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.29 and a quick ratio of 3.21. The stock has a market capitalization of $3.03 billion, a P/E ratio of 79.37, a P/E/G ratio of 2.37 and a beta of -0.01. The business has a 50-day moving average of $13.87 and a two-hundred day moving average of $13.30. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $17.33.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Wednesday, February 21st. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. Triple Flag Precious Metals had a return on equity of 3.64% and a net margin of 17.78%. The firm had revenue of $51.74 million during the quarter. On average, equities research analysts predict that Triple Flag Precious Metals will post 0.43 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.052 dividend. This represents a $0.21 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, March 1st. Triple Flag Precious Metals’s payout ratio is presently 110.53%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Large investors have recently added to or reduced their stakes in the company. Merrion Investment Management Co LLC grew its holdings in shares of Triple Flag Precious Metals by 254.7% during the 3rd quarter. Merrion Investment Management Co LLC now owns 75,200 shares of the company’s stock worth $983,000 after purchasing an additional 54,000 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Triple Flag Precious Metals by 81.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 122,590 shares of the company’s stock valued at $1,602,000 after acquiring an additional 55,206 shares in the last quarter. Mackenzie Financial Corp increased its stake in Triple Flag Precious Metals by 2.7% in the third quarter. Mackenzie Financial Corp now owns 75,402 shares of the company’s stock valued at $962,000 after acquiring an additional 1,961 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Triple Flag Precious Metals by 2.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,594,649 shares of the company’s stock worth $20,983,000 after purchasing an additional 33,192 shares in the last quarter. Finally, TD Asset Management Inc lifted its stake in Triple Flag Precious Metals by 5.3% during the third quarter. TD Asset Management Inc now owns 412,636 shares of the company’s stock worth $5,430,000 after purchasing an additional 20,841 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.