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

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $22.00.

A number of equities analysts have recently issued reports on TFPM shares. 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 report on Tuesday, April 22nd. Scotiabank reiterated a “sector perform” rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. National Bank Financial upgraded shares of Triple Flag Precious Metals to a “strong-buy” rating in a research note on Wednesday, April 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, April 23rd. Finally, Raymond James reissued an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several hedge funds have recently added to or reduced their stakes in TFPM. SCS Capital Management LLC acquired a new position in shares of Triple Flag Precious Metals in the 1st quarter valued at about $15,179,000. Ascent Group LLC purchased a new stake in Triple Flag Precious Metals in the 1st quarter worth approximately $327,000. Goldman Sachs Group Inc. boosted its position in Triple Flag Precious Metals by 69.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 305,826 shares of the company’s stock worth $5,857,000 after purchasing an additional 125,746 shares in the last quarter. Mountain Lake Investment Management LLC acquired a new stake in shares of Triple Flag Precious Metals during the 1st quarter worth approximately $932,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Triple Flag Precious Metals by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,648,973 shares of the company’s stock valued at $31,542,000 after purchasing an additional 173,881 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Up 2.2%

Shares of NYSE:TFPM opened at $20.33 on Tuesday. The firm has a 50 day moving average of $20.23 and a 200 day moving average of $17.71. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of -184.82, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27. Triple Flag Precious Metals has a 52 week low of $13.94 and a 52 week high of $22.96.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. The firm had revenue of $82.25 million during the quarter, compared to analyst estimates of $72.14 million. On average, sell-side analysts expect that Triple Flag Precious Metals will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 1.08%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 733.33%.

Triple Flag Precious Metals Company Profile

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.