Triple Flag Precious Metals (NYSE:TFPM) Upgraded to “Hold” at Zacks Research

Triple Flag Precious Metals (NYSE:TFPM) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

TFPM has been the topic of a number of other reports. Scotiabank boosted their price target on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, January 21st. BMO Capital Markets restated a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th. Wall Street Zen lowered Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Bank of America boosted their price objective on Triple Flag Precious Metals from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Triple Flag Precious Metals has an average rating of “Moderate Buy” and a consensus price target of $32.25.

Triple Flag Precious Metals Price Performance

Shares of TFPM opened at $37.41 on Tuesday. Triple Flag Precious Metals has a one year low of $16.26 and a one year high of $40.29. The stock’s fifty day moving average is $35.18 and its 200-day moving average is $30.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 1.05 and a beta of -0.21.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GWN Securities Inc. acquired a new stake in shares of Triple Flag Precious Metals during the 4th quarter valued at $279,000. Deutsche Bank AG raised its position in shares of Triple Flag Precious Metals by 36.4% during the fourth quarter. Deutsche Bank AG now owns 545,277 shares of the company’s stock worth $18,114,000 after purchasing an additional 145,378 shares during the period. Horizon Kinetics Asset Management LLC lifted its holdings in shares of Triple Flag Precious Metals by 1,510.2% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 425,303 shares of the company’s stock valued at $14,129,000 after purchasing an additional 398,890 shares during the last quarter. WESCAP Management Group Inc. acquired a new position in shares of Triple Flag Precious Metals in the 4th quarter valued at $482,000. Finally, Clearbridge Investments LLC boosted its position in shares of Triple Flag Precious Metals by 213.3% in the 4th quarter. Clearbridge Investments LLC now owns 177,929 shares of the company’s stock valued at $5,911,000 after purchasing an additional 121,137 shares during the period. 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.