Triple Flag Precious Metals (NYSE:TFPM) Given New $18.00 Price Target at Jefferies Financial Group

Triple Flag Precious Metals (NYSE:TFPM) had its price objective boosted by Jefferies Financial Group from $14.00 to $18.00 in a research note published on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also issued reports on the company. Bank of America raised their price objective on Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a buy rating in a report on Monday, March 18th. TheStreet upgraded Triple Flag Precious Metals from a d+ rating to a c- rating in a research note on Wednesday, December 27th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Triple Flag Precious Metals currently has a consensus rating of Buy and a consensus price target of $21.80.

Triple Flag Precious Metals Price Performance

TFPM stock opened at $15.08 on Monday. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 79.37, a PEG ratio of 2.37 and a beta of -0.01. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $17.33. The company has a quick ratio of 3.21, a current ratio of 3.29 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $13.87 and a 200 day moving average price of $13.30.

Triple Flag Precious Metals (NYSE:TFPM) last issued its earnings results on Wednesday, February 21st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $51.74 million during the quarter. Triple Flag Precious Metals had a net margin of 17.78% and a return on equity of 3.64%. Equities research analysts anticipate that Triple Flag Precious Metals will post 0.43 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Friday, March 1st. Triple Flag Precious Metals’s dividend payout ratio is currently 110.53%.

Institutional Trading of Triple Flag Precious Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in TFPM. Barclays PLC increased its holdings in shares of Triple Flag Precious Metals by 0.7% in the third quarter. Barclays PLC now owns 123,003 shares of the company’s stock valued at $1,608,000 after purchasing an additional 907 shares during the period. Meixler Investment Management Ltd. increased its stake in Triple Flag Precious Metals by 8.4% in the 4th quarter. Meixler Investment Management Ltd. now owns 14,575 shares of the company’s stock valued at $194,000 after buying an additional 1,125 shares during the period. Mackenzie Financial Corp raised its position in Triple Flag Precious Metals by 2.7% during the 3rd quarter. Mackenzie Financial Corp now owns 75,402 shares of the company’s stock worth $962,000 after buying an additional 1,961 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its stake in shares of Triple Flag Precious Metals by 3.0% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 85,671 shares of the company’s stock worth $1,141,000 after acquiring an additional 2,470 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of Triple Flag Precious Metals by 24.9% in the third quarter. Orion Portfolio Solutions LLC now owns 15,187 shares of the company’s stock valued at $198,000 after acquiring an additional 3,026 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

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.