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

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $30.00.

TFPM has been the topic of a number of research reports. Bank of America boosted their target price on shares of Triple Flag Precious Metals from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Wall Street Zen cut Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Canaccord Genuity Group downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Scotiabank dropped their target price on Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Finally, Zacks Research downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th.

Triple Flag Precious Metals Stock Performance

NYSE TFPM opened at $33.39 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.68. Triple Flag Precious Metals has a 1-year low of $14.51 and a 1-year high of $35.86. The business has a 50 day simple moving average of $31.54 and a two-hundred day simple moving average of $28.23. The stock has a market capitalization of $6.90 billion, a PE ratio of 33.06, a P/E/G ratio of 0.90 and a beta of -0.22.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. Triple Flag Precious Metals had a return on equity of 9.56% and a net margin of 59.43%.The business had revenue of $93.50 million for the quarter, compared to analysts’ expectations of $87.46 million. On average, research analysts predict that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.0575 per share. The ex-dividend date was Monday, December 1st. This represents a $0.23 dividend on an annualized basis and a yield of 0.7%. Triple Flag Precious Metals’s payout ratio is 22.77%.

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of large investors have recently made changes to their positions in TFPM. Goldman Sachs Group Inc. boosted its holdings in shares of Triple Flag Precious Metals by 69.8% in the first quarter. Goldman Sachs Group Inc. now owns 305,826 shares of the company’s stock valued at $5,857,000 after purchasing an additional 125,746 shares during the period. Drucker Wealth 3.0 LLC bought a new position in shares of Triple Flag Precious Metals during the 2nd quarter worth $206,000. Ascent Group LLC purchased a new position in shares of Triple Flag Precious Metals during the first quarter valued at $327,000. Orion Porfolio Solutions LLC raised its holdings in shares of Triple Flag Precious Metals by 215.1% in the second quarter. Orion Porfolio Solutions LLC now owns 81,856 shares of the company’s stock valued at $1,939,000 after acquiring an additional 55,878 shares in the last quarter. Finally, Spark Investment Management LLC bought a new stake in shares of Triple Flag Precious Metals in the second quarter valued at about $2,563,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.