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

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $40.00.

A number of brokerages recently commented on TFPM. Zacks Research lowered shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Monday, April 20th. Finally, Wall Street Zen lowered shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TFPM. Goldman Sachs Group Inc. grew its position in shares of Triple Flag Precious Metals by 69.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 305,826 shares of the company’s stock worth $5,857,000 after purchasing an additional 125,746 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Triple Flag Precious Metals by 741.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 299,713 shares of the company’s stock worth $7,100,000 after purchasing an additional 264,082 shares in the last quarter. Russell Investments Group Ltd. grew 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 worth $723,000 after purchasing an additional 1,976 shares in the last quarter. First Trust Advisors LP grew 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 worth $2,451,000 after purchasing an additional 50,263 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position 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 purchasing an additional 66,938 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Performance

Shares of TFPM opened at $28.27 on Friday. Triple Flag Precious Metals has a 52 week low of $22.60 and a 52 week high of $41.70. The firm has a market cap of $5.84 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 5.57 and a beta of -0.22. The firm’s 50-day simple moving average is $33.22 and its 200 day simple moving average is $34.51.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $147.00 million for the quarter, compared to analyst estimates of $147.00 million. As a group, equities analysts forecast that Triple Flag Precious Metals will post 1.43 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

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