Triple Flag Precious Metals (NYSE:TFPM) Lowered to “Hold” Rating by Wall Street Zen

Triple Flag Precious Metals (NYSE:TFPM) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Friday.

Several other equities research analysts have also commented on the stock. TD Securities reiterated a “buy” rating on shares of Triple Flag Precious Metals in a research note on Tuesday, June 24th. CIBC reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a report on Tuesday, July 15th. Raymond James Financial reissued an “outperform” rating on shares of Triple Flag Precious Metals in a report on Friday, August 8th. BMO Capital Markets cut Triple Flag Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 25th. Finally, Royal Bank Of Canada increased their price objective on Triple Flag Precious Metals from $19.00 to $23.00 and gave the company a “sector perform” rating in a report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Triple Flag Precious Metals currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Triple Flag Precious Metals Stock Up 4.8%

TFPM stock opened at $28.25 on Friday. The business has a 50 day moving average price of $24.92 and a 200 day moving average price of $22.15. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 1.19 and a beta of -0.19. Triple Flag Precious Metals has a fifty-two week low of $14.51 and a fifty-two week high of $28.49.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. The company had revenue of $94.09 million for the quarter, compared to analyst estimates of $82.76 million. As a group, sell-side analysts anticipate that Triple Flag Precious Metals will post 0.71 EPS for the current year.

Hedge Funds Weigh In On Triple Flag Precious Metals

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Triple Flag Precious Metals in the fourth quarter valued at about $464,000. Dimensional Fund Advisors LP boosted its holdings in Triple Flag Precious Metals by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 421,461 shares of the company’s stock valued at $6,339,000 after purchasing an additional 21,012 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Triple Flag Precious Metals during the 4th quarter worth approximately $358,000. Bank of America Corp DE raised its stake in shares of Triple Flag Precious Metals by 43.2% during the 4th quarter. Bank of America Corp DE now owns 381,554 shares of the company’s stock worth $5,739,000 after buying an additional 115,103 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in shares of Triple Flag Precious Metals during the 4th quarter worth approximately $327,000. 82.91% of the stock is owned by institutional investors and hedge funds.

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.