Triple Flag Precious Metals (NYSE:TFPM) Price Target Lowered to C$27.00 at TD Securities

Triple Flag Precious Metals (NYSE:TFPM – Get Rating) had its price objective trimmed by TD Securities from C$28.00 to C$27.00 in a research report report published on Thursday, The Fly reports.

Several other analysts also recently weighed in on TFPM. Royal Bank of Canada lowered their price target on shares of Triple Flag Precious Metals from $21.50 to $16.00 and set an outperform rating for the company in a research note on Thursday, March 2nd. Raymond James lifted their price target on Triple Flag Precious Metals to C$23.00 in a research note on Tuesday, April 18th. CIBC raised shares of Triple Flag Precious Metals from a neutral rating to a sector outperform rating in a report on Friday, April 14th. Stifel Nicolaus initiated coverage on shares of Triple Flag Precious Metals in a report on Monday, May 1st. They issued a buy rating on the stock. Finally, National Bank Financial upped their price objective on shares of Triple Flag Precious Metals from C$22.00 to C$25.00 in a report on Tuesday, April 18th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $23.08.

Triple Flag Precious Metals Stock Down 1.6 %

Triple Flag Precious Metals stock opened at $13.61 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 6.15 and a current ratio of 6.18. The business has a 50-day simple moving average of $15.37 and a 200 day simple moving average of $13.94. Triple Flag Precious Metals has a 52 week low of $10.36 and a 52 week high of $17.33.

Triple Flag Precious Metals (NYSE:TFPM – Get Rating) last issued its earnings results on Tuesday, February 21st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $43.89 million during the quarter, compared to analysts’ expectations of $43.90 million. As a group, sell-side analysts predict that Triple Flag Precious Metals will post 0.44 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Tuesday, May 30th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC boosted its holdings in Triple Flag Precious Metals by 131.7% in the first quarter. Jane Street Group LLC now owns 174,352 shares of the company’s stock worth $2,597,000 after purchasing an additional 99,090 shares during the last quarter. Geode Capital Management LLC bought a new position in Triple Flag Precious Metals in the first quarter valued at about $288,000. Arrowstreet Capital Limited Partnership bought a new position in Triple Flag Precious Metals in the first quarter valued at about $1,295,000. Cubist Systematic Strategies LLC bought a new position in Triple Flag Precious Metals in the first quarter valued at about $417,000. Finally, Deutsche Bank AG bought a new position in Triple Flag Precious Metals in the first quarter valued at about $63,000. 87.28% of the stock is owned by institutional investors.

Triple Flag Precious Metals Company Profile

(Get Rating)

Triple Flag Precious Metals Corp., a gold-focused streaming and royalty company, engages in acquiring and managing precious metals and other streams and royalties in Australia, Canada, Colombia, Mongolia, Peru, South Africa, and the United States. The company has a portfolio of streams and royalties providing exposure primarily to gold and silver.