Triple Flag Precious Metals Corp. (NYSE:TFPM) Receives $30.00 Consensus PT from Analysts

Triple Flag Precious Metals Corp. (NYSE:TFPM) has received an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $30.00.

A number of research analysts have commented on TFPM shares. Raymond James Financial restated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Friday, October 10th. Wall Street Zen cut Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Canaccord Genuity Group downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, Scotiabank dropped their target price on Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th.

Triple Flag Precious Metals Price Performance

Shares of NYSE TFPM opened at $32.69 on Wednesday. The stock has a market cap of $6.75 billion, a P/E ratio of 32.36, a P/E/G ratio of 0.79 and a beta of -0.21. Triple Flag Precious Metals has a twelve month low of $15.05 and a twelve month high of $35.86. The stock has a 50 day moving average of $31.79 and a two-hundred day moving average of $28.41. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Triple Flag Precious Metals had a net margin of 59.43% and a return on equity of 9.56%. The business had revenue of $93.50 million for the quarter, compared to analysts’ expectations of $87.46 million. On average, research analysts forecast that Triple Flag Precious Metals will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.0575 dividend. This represents a $0.23 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, December 1st. Triple Flag Precious Metals’s payout ratio is currently 22.77%.

Institutional Trading of Triple Flag Precious Metals

Several hedge funds and other institutional investors have recently made changes to their positions in TFPM. Bessemer Group Inc. purchased a new position in Triple Flag Precious Metals during the third quarter worth about $27,000. Quarry LP purchased a new position in shares of Triple Flag Precious Metals during the 3rd quarter worth approximately $33,000. Employees Retirement System of Texas acquired a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at approximately $36,000. SBI Securities Co. Ltd. boosted its stake in shares of Triple Flag Precious Metals by 100.6% in the third quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock valued at $41,000 after buying an additional 706 shares in the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Triple Flag Precious Metals in the second quarter valued at approximately $97,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.