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

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

Other analysts also recently issued reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, February 4th. Wall Street Zen lowered Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Scotiabank increased their target price on Triple Flag Precious Metals from $34.00 to $43.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.25.

Triple Flag Precious Metals Trading Down 7.3%

Shares of TFPM opened at $34.62 on Tuesday. Triple Flag Precious Metals has a fifty-two week low of $16.26 and a fifty-two week high of $40.29. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 1.00 and a beta of -0.21. The firm has a 50 day moving average price of $35.22 and a 200-day moving average price of $30.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.68 and a current ratio of 1.68.

Institutional Investors Weigh In On Triple Flag Precious Metals

Institutional investors and hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. bought a new stake in Triple Flag Precious Metals in the 3rd quarter valued at $27,000. Quarry LP purchased a new position in shares of Triple Flag Precious Metals during the third quarter valued at about $33,000. Employees Retirement System of Texas bought a new stake in shares of Triple Flag Precious Metals in the second quarter worth about $36,000. Aventura Private Wealth LLC bought a new stake in shares of Triple Flag Precious Metals in the fourth quarter worth about $38,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Triple Flag Precious Metals by 120.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock worth $40,000 after buying an additional 664 shares in the last quarter. 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.