Brokerages Set Triple Flag Precious Metals Corp. (NYSE:TFPM) PT at $38.67

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $38.6667.

Several equities analysts have issued reports on TFPM shares. Scotiabank cut their price target on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Canaccord Genuity Group raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. Weiss Ratings lowered Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Friday, June 12th. Finally, Wall Street Zen downgraded Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th.

Triple Flag Precious Metals Stock Performance

NYSE:TFPM opened at $28.50 on Friday. The company’s 50-day simple moving average is $29.83 and its 200-day simple moving average is $33.60. Triple Flag Precious Metals has a fifty-two week low of $22.60 and a fifty-two week high of $41.70. The stock has a market capitalization of $5.89 billion, a P/E ratio of 18.87, a P/E/G ratio of 2.42 and a beta of -0.19.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. The firm had revenue of $147.00 million during the quarter, compared to analyst estimates of $147.00 million. On average, research analysts forecast that Triple Flag Precious Metals will post 1.43 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.0575 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.23 dividend on an annualized basis and a yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 15.23%.

Institutional Investors Weigh In On Triple Flag Precious Metals

A number of large investors have recently modified their holdings of TFPM. PFG Investments LLC lifted its holdings in shares of Triple Flag Precious Metals by 3.1% during the fourth quarter. PFG Investments LLC now owns 9,149 shares of the company’s stock worth $304,000 after purchasing an additional 279 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in 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 during the period. Public Employees Retirement System of Ohio raised its position in Triple Flag Precious Metals by 2.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,751 shares of the company’s stock worth $491,000 after buying an additional 368 shares during the last quarter. Caitlin John LLC lifted its stake in Triple Flag Precious Metals by 11.2% during 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 period. Finally, Blue Trust Inc. lifted its stake 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 during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.