Triple Flag Precious Metals (NYSE:TFPM) Given New $18.00 Price Target at Jefferies Financial Group

Triple Flag Precious Metals (NYSE:TFPM - Free Report) had its target price upped by Jefferies Financial Group from $14.00 to $18.00 in a report released on Monday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

TFPM has been the subject of several other reports. Bank of America lifted their price target on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a buy rating in a report on Monday, March 18th. TheStreet upgraded shares of Triple Flag Precious Metals from a d+ rating to a c- rating in a report on Wednesday, December 27th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of Buy and an average price target of $21.80.

Triple Flag Precious Metals Price Performance

Shares of Triple Flag Precious Metals stock traded down $0.50 on Monday, hitting $15.08. The company had a trading volume of 224,438 shares, compared to its average volume of 157,919. Triple Flag Precious Metals has a 52 week low of $11.75 and a 52 week high of $17.33. The company has a market cap of $3.03 billion, a PE ratio of 79.21, a PEG ratio of 2.37 and a beta of -0.01. The business has a 50-day simple moving average of $13.82 and a 200-day simple moving average of $13.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.29 and a quick ratio of 3.21.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. Triple Flag Precious Metals had a net margin of 17.78% and a return on equity of 3.64%. The company had revenue of $51.74 million during the quarter. Research analysts expect that Triple Flag Precious Metals will post 0.43 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.052 dividend. This represents a $0.21 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, March 1st. Triple Flag Precious Metals's payout ratio is presently 110.53%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several hedge funds have recently bought and sold shares of the company. Merrion Investment Management Co LLC raised its holdings in Triple Flag Precious Metals by 254.7% during the 3rd quarter. Merrion Investment Management Co LLC now owns 75,200 shares of the company's stock worth $983,000 after purchasing an additional 54,000 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Triple Flag Precious Metals by 81.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 122,590 shares of the company's stock worth $1,602,000 after buying an additional 55,206 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Triple Flag Precious Metals by 2.7% during the third quarter. Mackenzie Financial Corp now owns 75,402 shares of the company's stock valued at $962,000 after purchasing an additional 1,961 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Triple Flag Precious Metals by 2.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,594,649 shares of the company's stock valued at $20,983,000 after purchasing an additional 33,192 shares during the last quarter. Finally, TD Asset Management Inc increased its position in shares of Triple Flag Precious Metals by 5.3% in the third quarter. TD Asset Management Inc now owns 412,636 shares of the company's stock worth $5,430,000 after purchasing an additional 20,841 shares during the last quarter. 82.91% of the stock is owned by 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.