Triple Flag Precious Metals Corp. (NYSE:TFPM) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Triple Flag Precious Metals Corp. (NYSE:TFPM – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $39.25.

Several analysts have weighed in on the stock. Weiss Ratings raised shares of Triple Flag Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 14th. Zacks Research upgraded shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Jefferies Financial Group decreased their price target on Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Wall Street Zen lowered Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Bank of America dropped their price target on Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, July 9th.

Check Out Our Latest Stock Report on Triple Flag Precious Metals

Institutional Trading of Triple Flag Precious Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in TFPM. Sigma Planning Corp increased its stake in shares of Triple Flag Precious Metals by 60.3% in the third quarter. Sigma Planning Corp now owns 40,103 shares of the company’s stock valued at $1,236,000 after buying an additional 15,090 shares in the last quarter. Sowell Financial Services LLC lifted its position in Triple Flag Precious Metals by 25.3% during the 3rd quarter. Sowell Financial Services LLC now owns 11,435 shares of the company’s stock worth $352,000 after buying an additional 2,311 shares in the last quarter. U S Global Investors Inc. lifted its position in Triple Flag Precious Metals by 47.5% during the 3rd quarter. U S Global Investors Inc. now owns 253,667 shares of the company’s stock worth $7,815,000 after buying an additional 81,667 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in Triple Flag Precious Metals by 13.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 63,476 shares of the company’s stock worth $1,886,000 after buying an additional 7,684 shares in the last quarter. Finally, Echo45 Advisors LLC lifted its position in Triple Flag Precious Metals by 6.5% during the 3rd quarter. Echo45 Advisors LLC now owns 7,390 shares of the company’s stock worth $228,000 after buying an additional 448 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Stock Performance

TFPM opened at $29.00 on Tuesday. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 3.07 and a beta of -0.13. The firm’s 50-day simple moving average is $32.11 and its 200-day simple moving average is $32.94. Triple Flag Precious Metals has a twelve month low of $26.61 and a twelve month high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. The firm had revenue of $129.20 million during the quarter, compared to the consensus estimate of $129.20 million. As a group, sell-side analysts anticipate that Triple Flag Precious Metals will post 1.33 EPS for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

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

Triple Flag Precious Metals Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Triple Flag Precious Metals (NYSE:TFPM)

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