Triple Flag Precious Metals Corp. (NYSE:TFPM) Given Consensus Rating of “Moderate Buy” by Brokerages

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $34.3333.

Several equities analysts have weighed in on the stock. Zacks Research lowered shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Wall Street Zen upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Monday, April 20th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a report on Thursday, January 15th.

Triple Flag Precious Metals Price Performance

NYSE:TFPM opened at $33.32 on Tuesday. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 2.90 and a beta of -0.20. The company’s 50-day moving average is $35.31 and its two-hundred day moving average is $34.14. Triple Flag Precious Metals has a 1-year low of $19.36 and a 1-year high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The company had revenue of $147.00 million for the quarter, compared to analyst estimates of $147.00 million. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. As a group, equities analysts anticipate that Triple Flag Precious Metals will post 1.4 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.0575 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, June 1st. Triple Flag Precious Metals’s payout ratio is 15.23%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Institutional investors and hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. purchased a new stake in shares of Triple Flag Precious Metals in the 4th quarter valued at approximately $7,816,000. Hillsdale Investment Management Inc. raised its stake in shares of Triple Flag Precious Metals by 82.4% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 245,000 shares of the company’s stock valued at $7,170,000 after acquiring an additional 110,700 shares during the period. Csenge Advisory Group purchased a new stake in shares of Triple Flag Precious Metals in the 3rd quarter valued at approximately $1,371,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Triple Flag Precious Metals in the 3rd quarter valued at approximately $1,003,000. Finally, Alps Advisors Inc. raised its stake in shares of Triple Flag Precious Metals by 118.4% in the 3rd quarter. Alps Advisors Inc. now owns 107,925 shares of the company’s stock valued at $3,158,000 after acquiring an additional 58,519 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

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.