Triple Flag Precious Metals Corp. (NYSE:TFPM) Receives Average Recommendation of "Moderate Buy" from Analysts

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) has earned an average rating of "Moderate Buy" from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $22.00.

Several analysts have issued reports on TFPM shares. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Raymond James reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Friday, April 4th. 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, April 22nd. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, BMO Capital Markets restated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd.

Hedge Funds Weigh In On Triple Flag Precious Metals

Hedge funds have recently bought and sold shares of the company. Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Triple Flag Precious Metals by 2.2% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 101,856 shares of the company's stock worth $1,957,000 after buying an additional 2,200 shares in the last quarter. Intact Investment Management Inc. increased its stake in Triple Flag Precious Metals by 307.7% in the first quarter. Intact Investment Management Inc. now owns 106,000 shares of the company's stock valued at $2,028,000 after purchasing an additional 80,000 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Triple Flag Precious Metals by 3.5% in the fourth quarter. Mackenzie Financial Corp now owns 32,577 shares of the company's stock worth $489,000 after acquiring an additional 1,101 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of Triple Flag Precious Metals by 339.8% in the fourth quarter. Toronto Dominion Bank now owns 65,977 shares of the company's stock valued at $991,000 after buying an additional 50,977 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at about $255,000. Institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Trading Up 0.8 %

Shares of NYSE:TFPM traded up $0.17 during mid-day trading on Friday, reaching $20.43. The stock had a trading volume of 104,710 shares, compared to its average volume of 286,502. The firm has a 50 day simple moving average of $19.26 and a two-hundred day simple moving average of $17.40. The firm has a market cap of $4.10 billion, a PE ratio of -185.73, a price-to-earnings-growth ratio of 0.78 and a beta of -0.25. Triple Flag Precious Metals has a twelve month low of $13.94 and a twelve month high of $22.96.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The business 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%. On average, equities analysts anticipate that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.08%. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently -200.00%.

Triple Flag Precious Metals Company Profile

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.