Triple Flag Precious Metals (NYSE:TFPM) Rating Increased to Strong-Buy at National Bank Financial

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) was upgraded by National Bank Financial to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, April 23rd. Jefferies Financial Group raised their target price on Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Raymond James reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Friday, April 4th. Finally, Scotiabank reiterated a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.00.

Triple Flag Precious Metals Stock Performance

Shares of Triple Flag Precious Metals stock traded down $0.22 during midday trading on Wednesday, reaching $20.55. 506,775 shares of the company's stock traded hands, compared to its average volume of 286,496. The company has a market cap of $4.13 billion, a price-to-earnings ratio of -186.82, a price-to-earnings-growth ratio of 0.78 and a beta of -0.25. Triple Flag Precious Metals has a 52 week low of $13.94 and a 52 week high of $22.96. The company's 50 day simple moving average is $19.12 and its 200 day simple moving average is $17.35.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly 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. The company had revenue of $74.21 million during the quarter, compared to analysts' expectations of $74.10 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. As a group, equities research analysts predict that Triple Flag Precious Metals will post 0.71 earnings per share for the current year.

Institutional Trading of Triple Flag Precious Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of Triple Flag Precious Metals by 175.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock worth $29,000 after buying an additional 1,208 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Triple Flag Precious Metals in the 4th quarter valued at $45,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Triple Flag Precious Metals in the 4th quarter worth about $134,000. Drive Wealth Management LLC bought a new position in Triple Flag Precious Metals during the 4th quarter valued at about $175,000. Finally, XTX Topco Ltd grew its stake in Triple Flag Precious Metals by 9.1% during the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after buying an additional 1,238 shares during the last quarter. Institutional investors own 82.91% of the company's stock.

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.