Triple Flag Precious Metals (NYSE:TFPM) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Triple Flag Precious Metals (NYSE:TFPM - Free Report) had its price objective increased by Jefferies Financial Group from $24.00 to $26.00 in a research note issued to investors on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently issued reports on TFPM. Raymond James reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Friday, April 4th. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Triple Flag Precious Metals currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals stock traded down $0.56 during mid-day trading on Tuesday, reaching $20.74. 405,719 shares of the stock traded hands, compared to its average volume of 285,611. The stock has a market capitalization of $4.17 billion, a PE ratio of -188.55, a price-to-earnings-growth ratio of 0.78 and a beta of -0.25. The business's 50-day moving average is $19.12 and its 200-day moving average is $17.34. Triple Flag Precious Metals has a 12-month low of $13.94 and a 12-month high of $22.96.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $74.21 million for the quarter, compared to analysts' expectations 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%. Equities analysts anticipate that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 dividend on an annualized basis and a yield of 1.06%. Triple Flag Precious Metals's payout ratio is presently -200.00%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several large investors have recently made changes to their positions in TFPM. Farther Finance Advisors LLC lifted its holdings in Triple Flag Precious Metals by 175.6% in the 4th 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 stake in shares of Triple Flag Precious Metals during the fourth quarter valued at approximately $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Triple Flag Precious Metals in the fourth quarter worth $134,000. Drive Wealth Management LLC bought a new position in shares of Triple Flag Precious Metals during the fourth quarter worth $175,000. Finally, XTX Topco Ltd grew its stake in Triple Flag Precious Metals by 9.1% during the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock valued at $223,000 after acquiring an additional 1,238 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

About Triple Flag Precious Metals

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.