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 earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $38.6667.

TFPM has been the topic of several research analyst reports. Jefferies Financial Group reduced their price target on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a report on Friday, June 12th. Zacks Research lowered Triple Flag Precious Metals from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Scotiabank lowered their price objective on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Finally, Canaccord Genuity Group upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Friday, June 12th.

Institutional Investors Weigh In On Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Triple Flag Precious Metals by 39.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock worth $77,373,000 after buying an additional 753,923 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Triple Flag Precious Metals by 25.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company’s stock worth $76,908,000 after buying an additional 530,357 shares during the period. Tidal Investments LLC increased its position in shares of Triple Flag Precious Metals by 59.5% in the third quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock worth $70,113,000 after acquiring an additional 893,566 shares in the last quarter. Vanguard Group Inc. grew its position in Triple Flag Precious Metals by 82.2% during the 4th quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company’s stock worth $56,198,000 after purchasing an additional 762,826 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at $49,550,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Triple Flag Precious Metals Price Performance

Shares of TFPM stock opened at $28.69 on Friday. The firm has a market capitalization of $5.91 billion, a P/E ratio of 19.00, a P/E/G ratio of 2.58 and a beta of -0.19. Triple Flag Precious Metals has a 12 month low of $22.60 and a 12 month high of $41.70. The company’s fifty day moving average price is $29.59 and its two-hundred day moving average price is $33.55.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $147.00 million during the quarter, compared to analyst estimates of $147.00 million. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%. On average, sell-side analysts anticipate that Triple Flag Precious Metals will post 1.43 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.0575 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, June 1st. Triple Flag Precious Metals’s payout ratio is presently 15.23%.

Triple Flag Precious Metals Company Profile

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.