Triple Flag Precious Metals (NYSE:TFPM) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Triple Flag Precious Metals (NYSE:TFPM - Free Report) had its target price hoisted by Jefferies Financial Group from $24.00 to $26.00 in a research note published on Tuesday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently weighed in on TFPM. Raymond James reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Friday, April 4th. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.00.

Triple Flag Precious Metals Stock Performance

NYSE:TFPM traded down $0.39 during trading hours on Tuesday, reaching $20.91. The company's stock had a trading volume of 143,641 shares, compared to its average volume of 305,392. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of -190.09, a PEG ratio of 0.78 and a beta of -0.25. The firm has a 50-day simple moving average of $19.05 and a 200-day simple moving average of $17.29. Triple Flag Precious Metals has a 1 year low of $13.94 and a 1 year high of $22.96.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. The company had revenue of $74.21 million during the quarter, compared to analyst estimates of $74.10 million. Equities analysts anticipate that Triple Flag Precious Metals will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Monday, March 3rd. Triple Flag Precious Metals's payout ratio is -200.00%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several institutional investors have recently modified their holdings of the business. Barclays PLC increased its position in Triple Flag Precious Metals by 21.5% during the third quarter. Barclays PLC now owns 142,444 shares of the company's stock valued at $2,304,000 after acquiring an additional 25,220 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Triple Flag Precious Metals by 148.3% in the 3rd quarter. Geode Capital Management LLC now owns 64,744 shares of the company's stock worth $1,235,000 after purchasing an additional 38,673 shares during the period. Virtu Financial LLC boosted its holdings in shares of Triple Flag Precious Metals by 6.0% in the third quarter. Virtu Financial LLC now owns 15,066 shares of the company's stock worth $244,000 after buying an additional 857 shares during the last quarter. Tidal Investments LLC grew its position in Triple Flag Precious Metals by 1.8% during the third quarter. Tidal Investments LLC now owns 533,520 shares of the company's stock valued at $8,632,000 after buying an additional 9,184 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Triple Flag Precious Metals by 24.9% during the third quarter. JPMorgan Chase & Co. now owns 69,094 shares of the company's stock valued at $1,118,000 after buying an additional 13,790 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.