Triple Flag Precious Metals’ (TFPM) “Sector Perform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Triple Flag Precious Metals (NYSE:TFPMFree Report) in a report published on Wednesday morning, MarketBeat.com reports. Royal Bank of Canada currently has a $19.00 price target on the stock, up from their previous price target of $15.00.

Other equities research analysts also recently issued research reports about the stock. Scotiabank raised their price objective on shares of Triple Flag Precious Metals from $19.00 to $20.50 and gave the stock a sector outperform rating in a research note on Thursday, May 23rd. Bank of America lifted their price target on shares of Triple Flag Precious Metals from $18.00 to $20.00 and gave the stock a buy rating in a research note on Tuesday. Finally, Jefferies Financial Group lifted their price target on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the stock a buy rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $20.83.

Check Out Our Latest Stock Report on TFPM

Triple Flag Precious Metals Trading Down 3.8 %

Shares of TFPM stock opened at $16.92 on Wednesday. Triple Flag Precious Metals has a 12 month low of $11.75 and a 12 month high of $18.08. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $15.93 and its two-hundred day moving average is $14.01. The company has a market cap of $3.40 billion, a PE ratio of 89.06, a price-to-earnings-growth ratio of 0.81 and a beta of -0.12.

Triple Flag Precious Metals (NYSE:TFPMGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $57.53 million for the quarter. Triple Flag Precious Metals had a return on equity of 4.17% and a net margin of 17.59%. Equities analysts predict that Triple Flag Precious Metals will post 0.48 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.052 per share. The ex-dividend date is Friday, May 31st. This represents a $0.21 annualized dividend and a dividend yield of 1.23%. Triple Flag Precious Metals’s payout ratio is currently 110.53%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. grew its position in shares of Triple Flag Precious Metals by 112.7% in the 1st quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock valued at $110,000 after purchasing an additional 4,029 shares during the period. Tocqueville Asset Management L.P. acquired a new position in shares of Triple Flag Precious Metals in the 3rd quarter valued at approximately $134,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Triple Flag Precious Metals by 51.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,125 shares of the company’s stock valued at $175,000 after purchasing an additional 4,475 shares during the period. Meixler Investment Management Ltd. grew its position in shares of 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 purchasing an additional 1,125 shares during the period. Finally, LB Partners LLC acquired a new position in shares of Triple Flag Precious Metals in the 4th quarter valued at approximately $198,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Triple Flag Precious Metals (NYSE:TFPM)

Receive News & Ratings for Triple Flag Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triple Flag Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.