Triple Flag Precious Metals Corp. (NYSE:TFPM) Stock Has Consensus Price Target of $39.25

Key Points

• Analysts maintain a Moderate Buy consensus on Triple Flag Precious Metals, with six buy ratings and four holds. The average 12-month price target is $39.25, implying upside from the stock’s $30.41 opening price.
• The company reported quarterly EPS of $0.39, exceeding the $0.33 analyst estimate, while revenue matched expectations at $129.2 million. Triple Flag posted an 84.32% net margin.
• Triple Flag increased its quarterly dividend to $0.06 per share, equivalent to an annualized $0.24 payout and a 0.8% yield. Institutional investors and hedge funds own approximately 82.91% of the stock.

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $39.25.

Several equities analysts recently commented on the company. Wall Street Zen lowered Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Scotiabank lowered their price target on Triple Flag Precious Metals from $43.00 to $39.00 and set a "sector perform" rating for the company in a report on Tuesday, July 14th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, September 9th. Jefferies Financial Group cut their price objective on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, July 6th. Finally, Royal Bank Of Canada raised their target price on shares of Triple Flag Precious Metals from $40.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Wednesday, September 16th.

Triple Flag Precious Metals Stock Performance

Shares of NYSE TFPM opened at $30.41 on Friday. Triple Flag Precious Metals has a 1 year low of $26.61 and a 1 year high of $41.70. The firm's 50 day moving average price is $32.23 and its 200 day moving average price is $31.85. The firm has a market cap of $6.26 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 2.79 and a beta of -0.12.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly 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 return on equity of 14.09% and a net margin of 84.32%.The company had revenue of $129.20 million during the quarter, compared to the consensus estimate of $129.20 million. As a group, equities analysts predict that Triple Flag Precious Metals will post 1.39 EPS for the current year.

Triple Flag Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $0.06 dividend. This is a boost from Triple Flag Precious Metals's previous quarterly dividend of $0.0575. The ex-dividend date was Monday, August 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.8%. Triple Flag Precious Metals's dividend payout ratio (DPR) is 12.06%.

Institutional Trading of Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently made changes to their positions in TFPM. Cetera Investment Advisers lifted its stake in shares of Triple Flag Precious Metals by 9.2% in the 1st quarter. Cetera Investment Advisers now owns 7,784 shares of the company's stock valued at $270,000 after purchasing an additional 655 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Triple Flag Precious Metals by 120.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company's stock worth $40,000 after purchasing an additional 664 shares in the last quarter. Blue Trust Inc. increased its position in Triple Flag Precious Metals by 4.4% during the 1st quarter. Blue Trust Inc. now owns 15,833 shares of the company's stock worth $550,000 after purchasing an additional 670 shares in the last quarter. Parvin Asset Management LLC raised its holdings in Triple Flag Precious Metals by 2.0% in the first quarter. Parvin Asset Management LLC now owns 39,965 shares of the company's stock valued at $1,387,000 after buying an additional 800 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new position in Triple Flag Precious Metals in the first quarter valued at approximately $33,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a precious-metals streaming and royalty company headquartered in Toronto, Canada. Through streaming agreements, it provides mining companies with upfront financing in exchange for the right to purchase a portion of future metal production at predetermined prices. Its royalty interests entitle the company to receive a percentage of revenue or production from mining operations without directly operating the mines.

The company's portfolio is primarily focused on gold and silver, with additional exposure to other metals, including copper and platinum-group metals.

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