Triple Flag Precious Metals (NYSE:TFPM) Price Target Cut to C$27.00

Triple Flag Precious Metals (NYSE:TFPM – Get Rating) had its price objective decreased by TD Securities from C$28.00 to C$27.00 in a report issued on Thursday morning, The Fly reports.

Other research analysts also recently issued research reports about the stock. Raymond James increased their price objective on shares of Triple Flag Precious Metals to C$23.00 in a report on Tuesday, April 18th. CIBC raised Triple Flag Precious Metals from a neutral rating to a sector outperform rating in a report on Friday, April 14th. BMO Capital Markets upped their price objective on Triple Flag Precious Metals from C$22.00 to C$25.00 in a report on Monday, April 17th. National Bank Financial upped their price objective on Triple Flag Precious Metals from C$22.00 to C$25.00 in a report on Tuesday, April 18th. Finally, Stifel Nicolaus initiated coverage on shares of Triple Flag Precious Metals in a report on Monday, May 1st. They issued a buy rating on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Triple Flag Precious Metals currently has a consensus rating of Moderate Buy and a consensus price target of $23.08.

Triple Flag Precious Metals Stock Down 1.6 %

NYSE:TFPM opened at $13.61 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 6.15. Triple Flag Precious Metals has a 52 week low of $10.36 and a 52 week high of $17.33. The business’s 50-day simple moving average is $15.37 and its two-hundred day simple moving average is $13.94.

Triple Flag Precious Metals (NYSE:TFPM – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $43.89 million for the quarter, compared to analysts’ expectations of $43.90 million. On average, equities research analysts predict that Triple Flag Precious Metals will post 0.44 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be issued a $0.05 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $0.20 annualized dividend and a dividend yield of 1.47%.

Institutional Investors Weigh In On Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Asset Management Inc purchased a new stake in shares of Triple Flag Precious Metals in the fourth quarter valued at approximately $5,798,000. Condire Management LP purchased a new stake in Triple Flag Precious Metals in the third quarter worth about $2,517,000. Meixler Investment Management Ltd. bought a new position in Triple Flag Precious Metals during the 4th quarter worth about $174,000. Triasima Portfolio Management inc. bought a new stake in shares of Triple Flag Precious Metals in the 4th quarter valued at about $1,683,000. Finally, Anson Funds Management LP purchased a new stake in shares of Triple Flag Precious Metals in the 3rd quarter worth approximately $8,426,000. Institutional investors own 87.28% of the company’s stock.

Triple Flag Precious Metals Company Profile

(Get Rating)

Triple Flag Precious Metals Corp., a gold-focused streaming and royalty company, engages in acquiring and managing precious metals and other streams and royalties in Australia, Canada, Colombia, Mongolia, Peru, South Africa, and the United States. The company has a portfolio of streams and royalties providing exposure primarily to gold and silver.