Jefferies Financial Group Raises Triple Flag Precious Metals (NYSE:TFPM) Price Target to $18.00

Triple Flag Precious Metals (NYSE:TFPM) had its price target lifted by Jefferies Financial Group from $14.00 to $18.00 in a research report report published on Monday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

TFPM has been the topic of several other reports. Bank of America boosted their target price on Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a buy rating in a research note on Monday, March 18th. TheStreet upgraded Triple Flag Precious Metals from a d+ rating to a c- rating in a research note on Wednesday, December 27th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Triple Flag Precious Metals currently has an average rating of Buy and a consensus target price of $21.80.

Triple Flag Precious Metals Price Performance

Shares of NYSE:TFPM opened at $15.85 on Monday. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $17.33. The company’s 50-day moving average is $14.01 and its 200 day moving average is $13.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.21 and a current ratio of 3.29. The company has a market capitalization of $3.19 billion and a P/E ratio of 83.43.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Wednesday, February 21st. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $51.74 million during the quarter. Triple Flag Precious Metals had a net margin of 17.78% and a return on equity of 3.64%. On average, equities research analysts forecast that Triple Flag Precious Metals will post 0.43 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.052 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.21 dividend on an annualized basis and a yield of 1.31%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 110.53%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TFPM. Sunbelt Securities Inc. boosted its position in shares of Triple Flag Precious Metals by 112.7% in the first quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock valued at $110,000 after acquiring an additional 4,029 shares during the period. Tocqueville Asset Management L.P. bought a new stake in Triple Flag Precious Metals during the 3rd quarter worth approximately $134,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Triple Flag Precious Metals by 51.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,125 shares of the company’s stock worth $175,000 after purchasing an additional 4,475 shares in the last quarter. Meixler Investment Management Ltd. boosted its holdings in Triple Flag Precious Metals by 10.6% in the 3rd quarter. Meixler Investment Management Ltd. now owns 13,450 shares of the company’s stock valued at $176,000 after purchasing an additional 1,287 shares during the period. Finally, Orion Portfolio Solutions LLC grew its position in shares of Triple Flag Precious Metals by 24.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,187 shares of the company’s stock valued at $198,000 after purchasing an additional 3,026 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.