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

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $38.6667.

A number of brokerages have recently commented on TFPM. Canaccord Genuity Group raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Friday, June 12th. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Friday, June 12th. Weiss Ratings lowered shares of Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Bank of America decreased their price objective on shares of Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, Jefferies Financial Group dropped their target price on Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 6th.

Institutional Trading of Triple Flag Precious Metals

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in Triple Flag Precious Metals by 69.8% during the first quarter. Goldman Sachs Group Inc. now owns 305,826 shares of the company’s stock worth $5,857,000 after buying an additional 125,746 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Triple Flag Precious Metals by 741.2% in the second quarter. JPMorgan Chase & Co. now owns 299,713 shares of the company’s stock valued at $7,100,000 after buying an additional 264,082 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Triple Flag Precious Metals by 6.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 30,537 shares of the company’s stock valued at $723,000 after acquiring an additional 1,976 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Triple Flag Precious Metals by 94.5% during the 2nd quarter. First Trust Advisors LP now owns 103,451 shares of the company’s stock valued at $2,451,000 after acquiring an additional 50,263 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Triple Flag Precious Metals by 30.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 289,037 shares of the company’s stock worth $6,847,000 after acquiring an additional 66,938 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Price Performance

Shares of TFPM opened at $33.95 on Monday. The stock has a fifty day moving average price of $30.83 and a 200 day moving average price of $32.65. The company has a market cap of $6.99 billion, a P/E ratio of 17.06, a PEG ratio of 3.00 and a beta of -0.15. Triple Flag Precious Metals has a 12 month low of $26.61 and a 12 month high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The company had revenue of $129.20 million for the quarter, compared to analysts’ expectations of $129.20 million. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%. As a group, research analysts anticipate that Triple Flag Precious Metals will post 1.43 earnings per share for the current year.

Triple Flag Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.7%. This is a positive change from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, August 31st. Triple Flag Precious Metals’s payout ratio is currently 12.06%.

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.