Triple Flag Precious Metals Corp. (NYSE:TFPM) Stock Has Consensus Target Price of $39.25 According to Analysts

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $39.25.

Several analysts have issued reports on TFPM shares. Zacks Research upgraded shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Friday, June 12th. Scotiabank dropped their target price on Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Bank of America reduced their price target on Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, September 9th.

Institutional Investors Weigh In On Triple Flag Precious Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at about $49,550,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Triple Flag Precious Metals in the second quarter worth about $29,283,000. Deutsche Bank AG bought a new stake in shares of Triple Flag Precious Metals in the second quarter worth about $12,322,000. Tidal Investments LLC increased its holdings in Triple Flag Precious Metals by 15.8% during the 2nd quarter. Tidal Investments LLC now owns 2,949,715 shares of the company’s stock valued at $88,403,000 after purchasing an additional 402,924 shares during the period. Finally, Horizon Kinetics Asset Management LLC increased its holdings in Triple Flag Precious Metals by 1,510.2% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 425,303 shares of the company’s stock valued at $14,129,000 after purchasing an additional 398,890 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Price Performance

Shares of NYSE TFPM opened at $30.63 on Friday. The stock has a market capitalization of $6.31 billion, a P/E ratio of 15.39, a PEG ratio of 3.08 and a beta of -0.13. Triple Flag Precious Metals has a one year low of $26.61 and a one year high of $41.70. The firm’s 50 day simple moving average is $32.38 and its two-hundred day simple moving average is $31.74.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The company had revenue of $129.20 million during the quarter, compared to analysts’ expectations of $129.20 million. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. As a group, equities analysts expect that Triple Flag Precious Metals will post 1.38 earnings per share for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

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

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a precious-metals streaming and royalty company headquartered in Toronto, Canada. Through streaming agreements, it provides mining companies with upfront financing in exchange for the right to purchase a portion of future metal production at predetermined prices. Its royalty interests entitle the company to receive a percentage of revenue or production from mining operations without directly operating the mines.

The company’s portfolio is primarily focused on gold and silver, with additional exposure to other metals, including copper and platinum-group metals.