Triple Flag Precious Metals (NYSE:TFPM) Upgraded at Wall Street Zen

Triple Flag Precious Metals (NYSE:TFPM) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other equities analysts have also recently weighed in on the stock. Canaccord Genuity Group raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. Weiss Ratings cut Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Zacks Research cut 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. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Triple Flag Precious Metals Trading Up 6.1%

Shares of TFPM opened at $29.89 on Friday. The firm has a market cap of $6.18 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 2.98 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 company’s 50-day moving average price is $31.50 and its 200 day moving average price is $34.23.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $147.00 million. Equities research analysts forecast that Triple Flag Precious Metals will post 1.52 earnings per share for the current year.

Institutional Investors Weigh In On Triple Flag Precious Metals

Large investors have recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in shares of Triple Flag Precious Metals in the 1st quarter valued at $33,000. Quarry LP acquired a new position in shares of Triple Flag Precious Metals during the third quarter worth $33,000. Aventura Private Wealth LLC purchased a new position in Triple Flag Precious Metals in the fourth quarter valued at $38,000. EverSource Wealth Advisors LLC increased 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 valued at $40,000 after buying an additional 664 shares during the last quarter. Finally, Caitlin John LLC acquired a new stake in Triple Flag Precious Metals in the third quarter valued at $98,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

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.