Triple Flag Precious Metals (NYSE:TFPM) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Triple Flag Precious Metals (NYSE:TFPM) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages have also recently weighed in on TFPM. Jefferies Financial Group upped their price target on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday. Raymond James reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Friday, April 4th. BMO Capital Markets reissued an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday. Finally, Scotiabank restated a “sector perform” rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.00.

Triple Flag Precious Metals Trading Down 2.6 %

Shares of Triple Flag Precious Metals stock opened at $20.74 on Wednesday. The company’s fifty day simple moving average is $19.12 and its two-hundred day simple moving average is $17.33. Triple Flag Precious Metals has a 12-month low of $13.94 and a 12-month high of $22.96. The company has a market cap of $4.17 billion, a P/E ratio of -188.55, a PEG ratio of 0.78 and a beta of -0.25.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. The company had revenue of $74.21 million during the quarter, compared to the consensus estimate of $74.10 million. Analysts predict that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Monday, March 3rd. Triple Flag Precious Metals’s dividend payout ratio (DPR) is -200.00%.

Institutional Trading of Triple Flag Precious Metals

Institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC lifted its position in Triple Flag Precious Metals by 221.9% during the fourth quarter. Tidal Investments LLC now owns 1,717,347 shares of the company’s stock valued at $25,829,000 after purchasing an additional 1,183,827 shares during the period. Norges Bank bought a new position in shares of Triple Flag Precious Metals during the 4th quarter valued at $15,696,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Triple Flag Precious Metals by 377.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company’s stock worth $13,652,000 after buying an additional 718,408 shares during the last quarter. Amundi bought a new stake in shares of Triple Flag Precious Metals in the fourth quarter worth $8,281,000. Finally, Millennium Management LLC increased its position in Triple Flag Precious Metals by 104.6% during the fourth quarter. Millennium Management LLC now owns 442,678 shares of the company’s stock valued at $6,650,000 after acquiring an additional 226,330 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.