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

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

Several research firms have recently issued reports on TFPM. Scotiabank reduced their target price on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Canaccord Genuity Group upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Friday, June 12th. Weiss Ratings downgraded shares of Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Friday, June 12th. Finally, Zacks Research raised shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research report on Monday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TFPM. Norges Bank bought a new position in Triple Flag Precious Metals in the 4th quarter valued at $49,550,000. Tidal Investments LLC raised its stake in shares of Triple Flag Precious Metals by 59.5% during the 3rd quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock worth $70,113,000 after purchasing an additional 893,566 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Triple Flag Precious Metals by 1,619.6% in the 3rd quarter. Vanguard Group Inc. now owns 928,368 shares of the company’s stock worth $27,177,000 after buying an additional 874,382 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Triple Flag Precious Metals by 39.9% in 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 last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Triple Flag Precious Metals by 25.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company’s stock valued at $76,908,000 after buying an additional 530,357 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Up 0.8%

TFPM stock opened at $32.24 on Thursday. The firm has a market capitalization of $6.64 billion, a PE ratio of 16.20, a P/E/G ratio of 2.87 and a beta of -0.18. Triple Flag Precious Metals has a twelve month low of $24.75 and a twelve month high of $41.70. The stock’s 50 day moving average is $29.39 and its 200-day moving average is $32.97.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. The business had revenue of $129.20 million during the quarter, compared to the consensus estimate of $129.20 million. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%. On average, equities research analysts anticipate that Triple Flag Precious Metals will post 1.41 earnings per share for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.7%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 11.56%.

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.