Triple Flag Precious Metals (NYSE:TFPM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Triple Flag Precious Metals (NYSE:TFPM) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

A number of other research analysts also recently weighed in on TFPM. Royal Bank Of Canada increased their target price on shares of Triple Flag Precious Metals from $19.00 to $23.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 4th. Raymond James Financial reissued an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Friday, August 8th. CIBC reissued an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. TD Securities reaffirmed a “buy” rating on shares of Triple Flag Precious Metals in a report on Tuesday, June 24th. Finally, BMO Capital Markets downgraded shares of Triple Flag Precious Metals from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Triple Flag Precious Metals has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Triple Flag Precious Metals Stock Up 0.1%

Triple Flag Precious Metals stock opened at $28.68 on Friday. Triple Flag Precious Metals has a twelve month low of $14.51 and a twelve month high of $29.30. The firm has a 50 day moving average price of $25.47 and a 200-day moving average price of $22.72. The company has a market capitalization of $5.92 billion, a P/E ratio of 33.34, a P/E/G ratio of 1.26 and a beta of -0.19.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Wednesday, August 6th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. The firm had revenue of $94.09 million during the quarter, compared to the consensus estimate of $82.76 million. Equities analysts expect that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $0.0575 dividend. This represents a $0.23 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. Triple Flag Precious Metals’s payout ratio is 26.74%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in Triple Flag Precious Metals by 43.2% in the 4th quarter. Bank of America Corp DE now owns 381,554 shares of the company’s stock valued at $5,739,000 after purchasing an additional 115,103 shares during the period. SCS Capital Management LLC bought a new position in Triple Flag Precious Metals in the 1st quarter valued at $15,179,000. Public Employees Retirement System of Ohio bought a new position in Triple Flag Precious Metals in the 4th quarter valued at $255,000. PDT Partners LLC bought a new position in Triple Flag Precious Metals in the 1st quarter valued at $250,000. Finally, American Century Companies Inc. boosted its holdings in Triple Flag Precious Metals by 0.8% in the 1st quarter. American Century Companies Inc. now owns 241,071 shares of the company’s stock valued at $4,612,000 after purchasing an additional 1,876 shares during the period. 82.91% of the stock is owned by institutional investors.

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.