Triple Flag Precious Metals Corp. (NYSE:TFPM) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have been given an average rating of “Moderate Buy” by the twelve research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $27.25.

A number of research firms recently issued reports on TFPM. Wall Street Zen upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, October 8th. Zacks Research upgraded Triple Flag Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. CIBC restated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Tuesday, July 15th. Finally, Canaccord Genuity Group downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in shares of Triple Flag Precious Metals by 69.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 305,826 shares of the company’s stock valued at $5,857,000 after purchasing an additional 125,746 shares during the last quarter. Ascent Group LLC purchased a new position in shares of Triple Flag Precious Metals in the 1st quarter valued at approximately $327,000. Drucker Wealth 3.0 LLC purchased a new position in shares of Triple Flag Precious Metals in the 2nd quarter valued at approximately $206,000. SCS Capital Management LLC purchased a new position in shares of Triple Flag Precious Metals in the 1st quarter valued at approximately $15,179,000. Finally, PDT Partners LLC purchased a new position in shares of Triple Flag Precious Metals in the 1st quarter valued at approximately $250,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Performance

TFPM opened at $28.83 on Friday. Triple Flag Precious Metals has a one year low of $14.51 and a one year high of $33.51. The company has a market cap of $5.95 billion, a P/E ratio of 33.52, a PEG ratio of 0.95 and a beta of -0.18. The business’s 50-day simple moving average is $28.54 and its 200-day simple moving average is $24.78.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Triple Flag Precious Metals had a return on equity of 8.81% and a net margin of 53.11%.The business had revenue of $94.09 million for the quarter, compared to the consensus estimate of $82.76 million. As a group, analysts predict that Triple Flag Precious Metals will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.0575 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.23 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 $0.06. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 26.74%.

Triple Flag Precious Metals Company Profile

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.