Triple Flag Precious Metals Corp. (NYSE:TFPM) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Triple Flag Precious Metals has a “Moderate Buy” consensus rating from nine analysts, with six buy ratings and three holds. The average 12-month price target is $38.67, above the reported share price of $33.95.
• The company beat quarterly earnings expectations, reporting $0.39 in EPS versus the $0.33 consensus, while revenue matched estimates at $129.2 million. It posted an 84.32% net margin and analysts expect $1.43 in full-year EPS.
• Institutional investors and hedge funds own 82.91% of the stock, with several funds recently increasing or initiating positions. Triple Flag also pays a quarterly dividend of $0.06 per share, equivalent to a 0.7% annual yield.

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $38.6667.

Several analysts have recently weighed in on the company. Canaccord Genuity Group upgraded Triple Flag Precious Metals from a "hold" rating to a "buy" rating in a research note on Friday, June 12th. Weiss Ratings cut Triple Flag Precious Metals from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, June 12th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Triple Flag Precious Metals in a report on Friday, June 12th. Wall Street Zen downgraded shares of Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. Finally, Jefferies Financial Group reduced their price target on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, July 6th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new stake in shares of Triple Flag Precious Metals in the 1st quarter valued at approximately $33,000. Quarry LP acquired a new position in Triple Flag Precious Metals in the third quarter worth $33,000. EverSource Wealth Advisors LLC increased its stake in Triple Flag Precious Metals by 120.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company's stock valued at $40,000 after purchasing an additional 664 shares during the last quarter. Fiduciary Financial Advisors acquired a new stake in shares of Triple Flag Precious Metals during the second quarter worth $47,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Triple Flag Precious Metals by 160.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,015 shares of the company's stock worth $119,000 after buying an additional 3,086 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Performance

Shares of NYSE:TFPM opened at $33.95 on Monday. The business's 50-day simple moving average is $30.83 and its 200 day simple moving average is $32.65. The company has a market cap of $6.99 billion, a P/E ratio of 17.06, a PEG ratio of 3.00 and a beta of -0.15. Triple Flag Precious Metals has a one year low of $26.61 and a one year high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. The business had revenue of $129.20 million during the quarter, compared to the consensus estimate of $129.20 million. Analysts predict that Triple Flag Precious Metals will post 1.43 earnings per share for the current year.

Triple Flag Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, August 31st. This is an increase from Triple Flag Precious Metals's previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 0.7%. Triple Flag Precious Metals's payout ratio is currently 12.06%.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.

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