Triple Flag Precious Metals (NYSE:TFPM) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Triple Flag Precious Metals (NYSE:TFPM) from a buy rating to a hold rating in a report released on Saturday.

A number of other brokerages have also commented on TFPM. CIBC reissued an “outperform” rating on shares of Triple Flag Precious Metals in a report on Tuesday, July 15th. Raymond James Financial reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, October 8th. Bank of America boosted their price objective on shares of 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. Finally, Canaccord Genuity Group lowered shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Triple Flag Precious Metals Stock Up 2.8%

TFPM stock traded up $0.78 during trading hours on Friday, hitting $28.50. The company’s stock had a trading volume of 488,459 shares, compared to its average volume of 595,278. The stock has a 50 day moving average price of $28.95 and a two-hundred day moving average price of $25.38. Triple Flag Precious Metals has a 12 month low of $14.51 and a 12 month high of $33.51. The company has a market capitalization of $5.89 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 0.90 and a beta of -0.18. The company has a quick ratio of 4.15, a current ratio of 1.68 and a debt-to-equity ratio of 0.01.

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

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.0575 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.23 dividend on an annualized basis and a yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio is 22.77%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Alps Advisors Inc. bought a new stake in shares of Triple Flag Precious Metals in the first quarter valued at about $779,000. Genus Capital Management Inc. acquired a new position in Triple Flag Precious Metals in the 1st quarter valued at approximately $721,000. Proficio Capital Partners LLC bought a new stake in shares of Triple Flag Precious Metals in the 1st quarter worth approximately $1,124,000. Pinnacle Associates Ltd. acquired a new stake in shares of Triple Flag Precious Metals during the 1st quarter worth approximately $239,000. Finally, Prospect Financial Group LLC bought a new stake in shares of Triple Flag Precious Metals during the first quarter valued at approximately $217,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.