Triple Flag Precious Metals (NYSE:TFPM) Price Target Raised to $21.00 at Scotiabank

Triple Flag Precious Metals (NYSE:TFPM - Free Report) had its target price raised by Scotiabank from $20.00 to $21.00 in a research note released on Monday, Benzinga reports. They currently have a sector outperform rating on the stock.

Other analysts have also issued research reports about the company. Bank of America boosted their price target on Triple Flag Precious Metals from $18.00 to $20.00 and gave the company a buy rating in a report on Tuesday, May 28th. Jefferies Financial Group boosted their price objective on shares of Triple Flag Precious Metals from $19.00 to $20.00 and gave the stock a buy rating in a research note on Friday, July 12th. Finally, Royal Bank of Canada reissued a sector perform rating and issued a $19.00 price objective (up previously from $15.00) on shares of Triple Flag Precious Metals in a research note on Wednesday, May 29th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $21.25.

Triple Flag Precious Metals Trading Up 0.9 %

Shares of NYSE TFPM traded up $0.15 during trading hours on Monday, reaching $16.23. The stock had a trading volume of 210,812 shares, compared to its average volume of 205,366. The company has a current ratio of 5.80, a quick ratio of 5.59 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 85.42, a P/E/G ratio of 0.93 and a beta of -0.14. The business's fifty day moving average price is $15.52 and its two-hundred day moving average price is $15.05. Triple Flag Precious Metals has a 52-week low of $11.75 and a 52-week high of $18.08.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, August 30th. Triple Flag Precious Metals's payout ratio is presently 115.79%.

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of large investors have recently made changes to their positions in the business. Lummis Asset Management LP increased its position in shares of Triple Flag Precious Metals by 1,756.8% during the second quarter. Lummis Asset Management LP now owns 47,887 shares of the company's stock worth $742,000 after purchasing an additional 45,308 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Triple Flag Precious Metals in the 2nd quarter valued at $228,000. 1832 Asset Management L.P. acquired a new position in shares of Triple Flag Precious Metals in the 2nd quarter valued at $165,000. Goehring & Rozencwajg Associates LLC increased its position in shares of Triple Flag Precious Metals by 9.9% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 100,771 shares of the company's stock valued at $1,563,000 after acquiring an additional 9,100 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Triple Flag Precious Metals by 37.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company's stock valued at $5,602,000 after acquiring an additional 97,630 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Triple Flag Precious Metals Company Profile

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.