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

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been given an average recommendation of “Buy” by the five analysts that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $15.25.

A number of research firms recently commented on TFPM. Bank of America lifted their target price on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a “buy” rating in a research note on Monday, March 18th. TheStreet upgraded Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research note on Wednesday, December 27th. Finally, Jefferies Financial Group assumed coverage on shares of Triple Flag Precious Metals in a research report on Thursday, February 29th. They set a “buy” rating and a $14.00 price target on the stock.

Triple Flag Precious Metals Stock Up 0.7 %

Triple Flag Precious Metals stock opened at $14.45 on Monday. The business has a fifty day moving average of $12.99 and a two-hundred day moving average of $13.02. Triple Flag Precious Metals has a twelve month low of $11.75 and a twelve month high of $17.33. The company has a quick ratio of 3.21, a current ratio of 3.29 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.91 billion, a P/E ratio of 76.06, a P/E/G ratio of 2.72 and a beta of -0.05.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Wednesday, February 21st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Triple Flag Precious Metals had a net margin of 17.78% and a return on equity of 3.64%. The company had revenue of $51.74 million during the quarter. On average, analysts forecast that Triple Flag Precious Metals will post 0.4 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.052 per share. This represents a $0.21 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, March 1st. Triple Flag Precious Metals’s payout ratio is 110.53%.

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Qube Research & Technologies Ltd purchased a new position in Triple Flag Precious Metals in the third quarter worth approximately $33,000. JPMorgan Chase & Co. acquired a new position in Triple Flag Precious Metals in the fourth quarter valued at approximately $48,000. Deutsche Bank AG acquired a new position in shares of Triple Flag Precious Metals in the 1st quarter valued at $63,000. Royal Bank of Canada acquired a new position in Triple Flag Precious Metals in the third quarter valued at $69,000. Finally, US Bancorp DE grew its stake in Triple Flag Precious Metals by 1,146.4% during the 4th quarter. US Bancorp DE now owns 5,397 shares of the company’s stock worth $72,000 after buying an additional 4,964 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.