Triple Flag Precious Metals (NYSE:TFPM) Stock Rating Upgraded by Wall Street Zen

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

Other equities analysts have also issued reports about the stock. TD Securities reaffirmed a “buy” rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. BMO Capital Markets lowered shares of Triple Flag Precious Metals from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 25th. Royal Bank Of Canada raised their price target on shares of Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 4th. CIBC reissued an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Triple Flag Precious Metals Stock Down 0.8%

Shares of Triple Flag Precious Metals stock opened at $28.64 on Friday. The firm has a market capitalization of $5.91 billion, a P/E ratio of 33.30, a PEG ratio of 1.27 and a beta of -0.19. The company has a 50 day moving average price of $25.39 and a 200 day moving average price of $22.55. Triple Flag Precious Metals has a 52 week low of $14.51 and a 52 week high of $29.25.

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

Hedge Funds Weigh In On Triple Flag Precious Metals

Several institutional investors have recently made changes to their positions in TFPM. BNP Paribas Financial Markets purchased a new position in shares of Triple Flag Precious Metals during the 4th quarter valued at approximately $358,000. Bank of America Corp DE increased its holdings 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 valued at $5,739,000 after purchasing an additional 115,103 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Triple Flag Precious Metals by 3.5% during the 4th quarter. Deutsche Bank AG now owns 131,371 shares of the company’s stock valued at $1,976,000 after purchasing an additional 4,496 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Triple Flag Precious Metals by 104.6% during the 4th quarter. Millennium Management LLC now owns 442,678 shares of the company’s stock valued at $6,650,000 after purchasing an additional 226,330 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Triple Flag Precious Metals by 717.3% during the 4th quarter. Point72 Asset Management L.P. now owns 56,321 shares of the company’s stock valued at $847,000 after purchasing an additional 49,430 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.