Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) reached a new 52-week high during trading on Tuesday after National Bank Financial upgraded the stock to a strong-buy rating. The stock traded as high as $22.96 and last traded at $22.23, with a volume of 375883 shares changing hands. The stock had previously closed at $22.00.
TFPM has been the subject of several other reports. Raymond James reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Friday, April 4th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Finally, Jefferies Financial Group lifted their target price on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday. Two equities research 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's stock. According to data from MarketBeat.com, Triple Flag Precious Metals has an average rating of "Moderate Buy" and a consensus price target of $22.00.
Check Out Our Latest Stock Analysis on Triple Flag Precious Metals
Institutional Trading of Triple Flag Precious Metals
Several hedge funds and other institutional investors have recently bought and sold shares of TFPM. Farther Finance Advisors LLC increased its holdings in shares of Triple Flag Precious Metals by 175.6% during 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 during the period. Northwest & Ethical Investments L.P. bought a new position in Triple Flag Precious Metals during the 4th quarter worth $45,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Triple Flag Precious Metals in the 4th quarter valued at $134,000. Drive Wealth Management LLC bought a new stake in shares of Triple Flag Precious Metals during the 4th quarter valued at $175,000. Finally, XTX Topco Ltd grew its holdings in shares of Triple Flag Precious Metals by 9.1% during the 4th quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after purchasing an additional 1,238 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.
Triple Flag Precious Metals Price Performance
The stock has a 50-day moving average of $19.05 and a 200 day moving average of $17.29. The company has a market cap of $4.16 billion, a P/E ratio of -188.55, a PEG ratio of 0.78 and a beta of -0.25.
Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued 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 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%. Sell-side analysts predict that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.
Triple Flag Precious Metals Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.055 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.22 annualized dividend and a dividend yield of 1.06%. Triple Flag Precious Metals's payout ratio is -200.00%.
Triple Flag Precious Metals Company Profile
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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.
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