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

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $38.6667.

TFPM has been the subject of a number of research reports. Scotiabank decreased their target price on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Bank of America dropped their price target on shares of Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Wall Street Zen cut Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings cut Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Finally, Zacks Research downgraded Triple Flag Precious Metals from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several large investors have recently made changes to their positions in TFPM. Norges Bank acquired a new position in Triple Flag Precious Metals in the fourth quarter worth approximately $49,550,000. Tidal Investments LLC lifted its stake in Triple Flag Precious Metals by 59.5% in the third 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 last quarter. Vanguard Group Inc. lifted its stake in Triple Flag Precious Metals by 1,619.6% in the third quarter. Vanguard Group Inc. now owns 928,368 shares of the company’s stock valued at $27,177,000 after acquiring an additional 874,382 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Triple Flag Precious Metals by 39.9% in 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 acquiring an additional 753,923 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Triple Flag Precious Metals by 25.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company’s stock worth $76,908,000 after acquiring an additional 530,357 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Price Performance

NYSE TFPM opened at $27.38 on Friday. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 2.55 and a beta of -0.19. The company has a 50 day simple moving average of $30.13 and a 200-day simple moving average of $33.67. Triple Flag Precious Metals has a 52-week low of $22.60 and a 52-week high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $147.00 million for the quarter, compared to the consensus estimate of $147.00 million. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. On average, analysts predict that Triple Flag Precious Metals will post 1.36 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.0575 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, June 1st. Triple Flag Precious Metals’s payout ratio is currently 15.23%.

Triple Flag Precious Metals Company Profile

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.