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

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $40.00.

Several brokerages recently issued reports on TFPM. Wall Street Zen downgraded Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Canaccord Genuity Group raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Friday, June 12th. Weiss Ratings downgraded Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Zacks Research downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Friday, June 12th.

Institutional Trading of Triple Flag Precious Metals

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in Triple Flag Precious Metals by 30.7% during the 1st quarter. Bank of America Corp DE now owns 495,404 shares of the company’s stock valued at $17,195,000 after acquiring an additional 116,421 shares in the last quarter. Amundi raised its stake in Triple Flag Precious Metals by 5.7% during the 1st quarter. Amundi now owns 482,534 shares of the company’s stock valued at $16,828,000 after acquiring an additional 25,936 shares in the last quarter. Parvin Asset Management LLC raised its stake in Triple Flag Precious Metals by 2.0% during the 1st quarter. Parvin Asset Management LLC now owns 39,965 shares of the company’s stock valued at $1,387,000 after acquiring an additional 800 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Triple Flag Precious Metals by 60.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,947 shares of the company’s stock valued at $68,000 after acquiring an additional 730 shares in the last quarter. Finally, Evelyn Partners Asset Management Ltd increased its position in shares of Triple Flag Precious Metals by 33.3% during the 1st quarter. Evelyn Partners Asset Management Ltd now owns 4,000 shares of the company’s stock valued at $139,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Trading Down 3.5%

Shares of NYSE TFPM opened at $28.81 on Wednesday. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 3.16 and a beta of -0.22. Triple Flag Precious Metals has a 12-month low of $22.60 and a 12-month high of $41.70. The stock’s 50 day simple moving average is $31.91 and its 200 day simple moving average is $34.33.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. The business 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, equities analysts forecast that Triple Flag Precious Metals will post 1.52 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.0575 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.23 annualized dividend and a yield of 0.8%. Triple Flag Precious Metals’s payout ratio is presently 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.