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

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $24.00.

A number of analysts recently weighed in on the stock. TD Securities reaffirmed a “buy” rating on shares of Triple Flag Precious Metals in a report on Tuesday, June 24th. BMO Capital Markets lowered shares of Triple Flag Precious Metals from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 25th. Wall Street Zen raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Raymond James Financial reissued an “outperform” rating on shares of Triple Flag Precious Metals in a report on Friday, August 8th. Finally, Royal Bank Of Canada increased their price target on shares of Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 4th.

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of institutional investors have recently made changes to their positions in the stock. SVB Wealth LLC bought a new position in shares of Triple Flag Precious Metals during the 1st quarter valued at $34,000. Employees Retirement System of Texas bought a new position in shares of Triple Flag Precious Metals during the 2nd quarter valued at $36,000. ORG Wealth Partners LLC bought a new position in shares of Triple Flag Precious Metals during the 2nd quarter valued at $97,000. Tower Research Capital LLC TRC grew its holdings in shares of Triple Flag Precious Metals by 160.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,015 shares of the company’s stock valued at $119,000 after purchasing an additional 3,086 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Triple Flag Precious Metals by 4,954.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,914 shares of the company’s stock valued at $140,000 after purchasing an additional 5,797 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Trading Up 1.7%

Triple Flag Precious Metals stock opened at $28.32 on Monday. The firm’s 50 day simple moving average is $25.84 and its 200 day simple moving average is $23.02. The firm has a market capitalization of $5.85 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 1.22 and a beta of -0.19. Triple Flag Precious Metals has a 1-year low of $14.51 and a 1-year high of $29.30.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Wednesday, August 6th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $94.09 million for the quarter, compared to analyst estimates of $82.76 million. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. Research analysts forecast that Triple Flag Precious Metals will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a $0.0575 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. Triple Flag Precious Metals’s payout ratio is currently 26.74%.

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.