Triple Flag Precious Metals Corp. (NYSE:TFPM) Receives $32.25 Average PT from Analysts

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have received an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $32.25.

A number of research firms recently weighed in on TFPM. Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Wednesday, January 21st. Wall Street Zen raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, February 4th. Finally, Scotiabank raised their target price on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th.

Hedge Funds Weigh In On Triple Flag Precious Metals

Large investors have recently made changes to their positions in the company. Norges Bank bought a new stake in Triple Flag Precious Metals in the 4th quarter valued at $49,550,000. Tidal Investments LLC increased its position in Triple Flag Precious Metals by 59.5% during the 3rd quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock worth $70,113,000 after buying an additional 893,566 shares during the period. Vanguard Group Inc. increased its position in Triple Flag Precious Metals by 1,619.6% during the 3rd quarter. Vanguard Group Inc. now owns 928,368 shares of the company’s stock worth $27,177,000 after buying an additional 874,382 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Triple Flag Precious Metals by 67.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,097,794 shares of the company’s stock worth $49,731,000 after buying an additional 844,765 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Triple Flag Precious Metals by 39.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock worth $77,373,000 after buying an additional 753,923 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Performance

Triple Flag Precious Metals stock opened at $34.01 on Monday. The stock has a 50-day simple moving average of $37.11 and a 200 day simple moving average of $32.98. The stock has a market capitalization of $7.03 billion, a P/E ratio of 28.82, a PEG ratio of 1.87 and a beta of -0.28. Triple Flag Precious Metals has a 52 week low of $17.72 and a 52 week high of $41.70.

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

Triple Flag Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.0575 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, March 2nd. Triple Flag Precious Metals’s payout ratio is currently 19.49%.

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.