Triple Flag Precious Metals Corp. (NYSE:TFPM) Given Average Rating of "Moderate Buy" by Analysts

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $22.00.

TFPM has been the topic of a number of analyst reports. National Bank Financial upgraded shares of Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Raymond James reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Friday, April 4th. Finally, Jefferies Financial Group boosted their price objective on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of Triple Flag Precious Metals by 175.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock worth $29,000 after purchasing an additional 1,208 shares in the last quarter. Northwest & Ethical Investments L.P. bought a new position in Triple Flag Precious Metals in the 4th quarter worth approximately $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Triple Flag Precious Metals in the 4th quarter valued at approximately $134,000. Drive Wealth Management LLC bought a new stake in Triple Flag Precious Metals during the 4th quarter valued at $175,000. Finally, XTX Topco Ltd lifted its position in shares of 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 acquiring an additional 1,238 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Down 1.1 %

TFPM traded down $0.22 during trading on Friday, reaching $20.55. 506,775 shares of the stock traded hands, compared to its average volume of 286,496. The stock's 50-day moving average is $19.12 and its 200 day moving average is $17.35. Triple Flag Precious Metals has a 12 month low of $13.94 and a 12 month high of $22.96. The stock has a market capitalization of $4.13 billion, a PE ratio of -186.82, a P/E/G ratio of 0.78 and a beta of -0.25.

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

Triple Flag Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.07%. Triple Flag Precious Metals's dividend payout ratio is presently -200.00%.

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.