Triple Flag Precious Metals (NYSE:TFPM) Upgraded at Zacks Research

Zacks Research upgraded shares of Triple Flag Precious Metals (NYSE:TFPM) from a hold rating to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

Several other brokerages have also issued reports on TFPM. Wall Street Zen raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. BMO Capital Markets lowered shares of Triple Flag Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 25th. Royal Bank Of Canada lifted their price objective on shares of 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. TD Securities restated a “buy” rating on shares of Triple Flag Precious Metals in a report on Tuesday, June 24th. Finally, CIBC restated an “outperform” rating on shares of Triple Flag Precious Metals in a report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Triple Flag Precious Metals Stock Up 2.1%

Shares of Triple Flag Precious Metals stock opened at $28.57 on Thursday. The stock has a market capitalization of $5.90 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 1.23 and a beta of -0.19. Triple Flag Precious Metals has a 12-month low of $14.51 and a 12-month high of $29.30. The company has a 50-day simple moving average of $26.33 and a 200 day simple moving average of $23.34.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.24 earnings per share 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 analysts’ expectations of $82.76 million. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. On average, equities analysts anticipate that Triple Flag Precious Metals will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $0.0575 dividend. This is an increase from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. This represents a $0.23 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, September 2nd. Triple Flag Precious Metals’s dividend payout ratio is presently 26.74%.

Institutional Investors Weigh In On Triple Flag Precious Metals

A number of institutional investors have recently modified their holdings of TFPM. SVB Wealth LLC bought a new stake in shares of Triple Flag Precious Metals in the first quarter valued at about $34,000. Employees Retirement System of Texas bought a new stake in shares of Triple Flag Precious Metals in the second quarter valued at about $36,000. ORG Wealth Partners LLC bought a new stake in shares of Triple Flag Precious Metals in the second quarter valued at about $97,000. Tower Research Capital LLC TRC boosted its position in shares of Triple Flag Precious Metals by 160.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,015 shares of the company’s stock valued at $119,000 after acquiring an additional 3,086 shares during the period. Finally, Osaic Holdings Inc. boosted its position in shares of Triple Flag Precious Metals by 4,954.7% in the second quarter. Osaic Holdings Inc. now owns 5,914 shares of the company’s stock valued at $140,000 after acquiring an additional 5,797 shares during the period. Institutional investors own 82.91% of the company’s stock.

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.