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 report report published on Saturday morning.

A number of other brokerages also recently weighed in on TFPM. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, February 4th. Scotiabank upped their target price on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Zacks Research raised shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a report on Thursday, January 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Triple Flag Precious Metals presently has an average rating of “Moderate Buy” and an average price target of $32.25.

Triple Flag Precious Metals Stock Performance

Shares of Triple Flag Precious Metals stock opened at $38.68 on Friday. The firm has a fifty day moving average of $35.64 and a two-hundred day moving average of $31.57. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 1.01 and a beta of -0.21. Triple Flag Precious Metals has a 52 week low of $16.40 and a 52 week high of $40.29.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Triple Flag Precious Metals had a return on equity of 10.82% and a net margin of 61.74%.The business had revenue of $118.92 million during the quarter, compared to analysts’ expectations of $114.92 million. As a group, research analysts forecast that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.0575 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, March 2nd. Triple Flag Precious Metals’s payout ratio is 19.49%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several institutional investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Triple Flag Precious Metals during the 4th quarter worth approximately $707,000. Caitlin John LLC increased its stake in Triple Flag Precious Metals by 11.2% in the 4th quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock valued at $124,000 after buying an additional 375 shares during the last quarter. NewEdge Advisors LLC lifted its position in Triple Flag Precious Metals by 4,948.8% during the 4th quarter. NewEdge Advisors LLC now owns 6,311 shares of the company’s stock worth $210,000 after buying an additional 6,186 shares in the last quarter. Oxford Asset Management LLP grew its holdings in shares of Triple Flag Precious Metals by 25.1% in the 4th quarter. Oxford Asset Management LLP now owns 24,438 shares of the company’s stock valued at $812,000 after acquiring an additional 4,904 shares in the last quarter. Finally, IHT Wealth Management LLC acquired a new stake in shares of Triple Flag Precious Metals in the fourth quarter valued at about $208,000. Institutional investors own 82.91% of the company’s stock.

About Triple Flag Precious Metals

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.