Triple Flag Precious Metals Corp. (TFPM) – What Are Brokerages Saying About This Stock?

Triple Flag Precious Metals Corp. (NYSE:TFPM) has received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $39.25.

A number of equities analysts recently issued reports on TFPM shares. Weiss Ratings raised Triple Flag Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 14th. Bank of America cut their price objective on shares of Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Jefferies Financial Group reduced their price objective on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Zacks Research upgraded shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Scotiabank lowered their target price on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals stock opened at $28.87 on Tuesday. Triple Flag Precious Metals has a 1-year low of $26.61 and a 1-year high of $41.70. The stock has a market cap of $5.94 billion, a PE ratio of 14.51, a P/E/G ratio of 3.18 and a beta of -0.13. The stock’s fifty day moving average is $31.77 and its two-hundred day moving average is $32.78.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%. The business had revenue of $129.20 million during the quarter, compared to analysts’ expectations of $129.20 million. On average, research analysts expect that Triple Flag Precious Metals will post 1.33 earnings per share for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.8%. This is a boost from Triple Flag Precious Metals’s previous quarterly dividend of $0.0575. The ex-dividend date of this dividend was Monday, August 31st. Triple Flag Precious Metals’s dividend payout ratio is presently 12.06%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Large investors have recently bought and sold shares of the stock. Echo45 Advisors LLC grew its position in Triple Flag Precious Metals by 6.5% during the third quarter. Echo45 Advisors LLC now owns 7,390 shares of the company’s stock worth $228,000 after buying an additional 448 shares during the period. Cetera Investment Advisers increased its holdings in Triple Flag Precious Metals by 9.2% in the first quarter. Cetera Investment Advisers now owns 7,784 shares of the company’s stock valued at $270,000 after buying an additional 655 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Triple Flag Precious Metals by 60.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,947 shares of the company’s stock valued at $68,000 after acquiring an additional 730 shares during the period. Parvin Asset Management LLC lifted its position in shares of Triple Flag Precious Metals by 2.0% during the 1st quarter. Parvin Asset Management LLC now owns 39,965 shares of the company’s stock valued at $1,387,000 after acquiring an additional 800 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Triple Flag Precious Metals during the 1st quarter valued at approximately $33,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a precious metals streaming and royalty company headquartered in Toronto, Canada. The company provides upfront financing to mining companies in exchange for the right to purchase a portion of future production, typically at predetermined prices. Its agreements are primarily focused on gold and silver, along with other precious metals and related by-products.

Triple Flag does not generally operate mines directly. Instead, it builds a diversified portfolio of streams and royalties linked to producing, developing and exploration-stage assets.