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 earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $32.25.

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of Triple Flag Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Wall Street Zen raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Scotiabank increased their target price on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, January 21st.

Triple Flag Precious Metals Price Performance

TFPM stock opened at $35.88 on Monday. The stock has a market capitalization of $7.41 billion, a P/E ratio of 30.41, a P/E/G ratio of 1.85 and a beta of -0.28. Triple Flag Precious Metals has a fifty-two week low of $17.72 and a fifty-two week high of $41.70. The business has a 50-day moving average of $37.04 and a 200-day moving average of $32.84.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Wednesday, February 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $118.92 million for the quarter, compared to analyst estimates of $114.92 million. Triple Flag Precious Metals had a return on equity of 10.82% and a net margin of 61.74%. Equities analysts expect that Triple Flag Precious Metals will post 0.71 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a $0.0575 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.23 annualized dividend and a dividend yield of 0.6%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently 19.49%.

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of institutional investors have recently bought and sold shares of TFPM. Norges Bank acquired a new position in shares of Triple Flag Precious Metals during the 4th quarter worth approximately $49,550,000. Tidal Investments LLC raised its stake in Triple Flag Precious Metals by 59.5% in the 3rd quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock valued at $70,113,000 after acquiring an additional 893,566 shares during the period. Vanguard Group Inc. lifted its holdings in Triple Flag Precious Metals by 1,619.6% during the 3rd quarter. Vanguard Group Inc. now owns 928,368 shares of the company’s stock valued at $27,177,000 after purchasing an additional 874,382 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Triple Flag Precious Metals by 67.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,097,794 shares of the company’s stock worth $49,731,000 after purchasing an additional 844,765 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Triple Flag Precious Metals by 39.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock worth $77,373,000 after purchasing an additional 753,923 shares during the period. 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 Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.