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 note issued to investors on Wednesday morning,Zacks.com reports.

Several other analysts have also recently commented on TFPM. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, February 4th. Wall Street Zen raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Scotiabank increased their price objective on Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, January 21st. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

Triple Flag Precious Metals Stock Down 4.3%

Shares of Triple Flag Precious Metals stock opened at $35.88 on Wednesday. Triple Flag Precious Metals has a 52-week low of $17.72 and a 52-week high of $41.70. The company’s 50-day simple moving average is $37.04 and its 200-day simple moving average is $32.75. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 1.94 and a beta of -0.28.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%. The firm had revenue of $118.92 million during the quarter, compared to the consensus estimate of $114.92 million. Equities research analysts anticipate that Triple Flag Precious Metals will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a $0.0575 dividend. This represents a $0.23 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, March 2nd. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 19.49%.

Institutional Trading of Triple Flag Precious Metals

A number of institutional investors have recently bought and sold shares of TFPM. PFG Investments LLC raised its stake in shares of Triple Flag Precious Metals by 3.1% during the 4th quarter. PFG Investments LLC now owns 9,149 shares of the company’s stock worth $304,000 after buying an additional 279 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of Triple Flag Precious Metals by 4.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,253 shares of the company’s stock worth $241,000 after buying an additional 290 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Triple Flag Precious Metals by 2.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,751 shares of the company’s stock valued at $491,000 after acquiring an additional 368 shares during the last quarter. Caitlin John LLC grew its stake in Triple Flag Precious Metals by 11.2% in the 4th quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock valued at $124,000 after acquiring an additional 375 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Triple Flag Precious Metals by 4.2% during the 4th quarter. Blue Trust Inc. now owns 15,163 shares of the company’s stock valued at $504,000 after acquiring an additional 609 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

About Triple Flag Precious Metals

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.