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

Triple Flag Precious Metals Corp. (NYSE:TFPM) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $38.6667.

A number of research firms have issued reports on TFPM. 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. Jefferies Financial Group lowered their price target on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 6th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a report on Friday, June 12th. Zacks Research downgraded shares of Triple Flag Precious Metals from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Finally, Wall Street Zen lowered shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th.

Triple Flag Precious Metals Stock Up 1.2%

Shares of TFPM stock opened at $29.06 on Friday. The business has a 50 day moving average of $29.53 and a two-hundred day moving average of $33.51. Triple Flag Precious Metals has a 52 week low of $22.60 and a 52 week high of $41.70. The company has a market cap of $5.99 billion, a P/E ratio of 19.25, a PEG ratio of 2.56 and a beta of -0.19.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. The company 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%. Analysts expect that Triple Flag Precious Metals will post 1.43 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

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

Hedge Funds Weigh In On Triple Flag Precious Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new stake in shares of Triple Flag Precious Metals during the fourth quarter valued at about $7,816,000. JPMorgan Chase & Co. grew its position in Triple Flag Precious Metals by 26.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 379,368 shares of the company’s stock valued at $11,100,000 after buying an additional 79,655 shares in the last quarter. U S Global Investors Inc. increased its stake in Triple Flag Precious Metals by 30.7% during the 4th quarter. U S Global Investors Inc. now owns 279,270 shares of the company’s stock valued at $9,277,000 after buying an additional 65,605 shares during the period. Vanguard Group Inc. increased its stake 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 valued at $56,198,000 after buying an additional 762,826 shares during the period. Finally, Intact Investment Management Inc. raised its position in shares of Triple Flag Precious Metals by 107.7% during the 4th quarter. Intact Investment Management Inc. now owns 108,000 shares of the company’s stock worth $3,589,000 after buying an additional 56,000 shares in the last quarter. 82.91% of the stock is owned by 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.