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

Key Points

• Consensus "Moderate Buy": Twelve analysts rate TFPM a Moderate Buy (4 hold, 6 buy, 2 strong buy) with an average 1‑year target of $32.25, below the recent share price (~$35.41).
• Earnings beat: Triple Flag reported Q results of $0.33 EPS vs. $0.32 expected and revenue $118.92M vs. $114.92M, with a net margin of 61.74% and a market cap of about $7.32B (PE 30.01).
• Strong institutional ownership: About 82.91% of the stock is held by hedge funds and institutional investors, with several firms (including Vanguard, Mirae Asset and Arrowstreet) significantly increasing their stakes.

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $32.25.

A number of research firms recently commented on TFPM. Scotiabank increased their target price on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the company a "sector perform" rating in a research report on Monday, January 26th. Wall Street Zen raised shares of Triple Flag Precious Metals from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, January 21st. Zacks Research raised shares of Triple Flag Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 11th. Finally, Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, February 4th.

Triple Flag Precious Metals Trading Down 1.3%

Shares of NYSE:TFPM opened at $35.41 on Friday. Triple Flag Precious Metals has a 52 week low of $19.36 and a 52 week high of $41.70. The company's 50 day moving average is $35.96 and its two-hundred day moving average is $33.57. The company has a market cap of $7.32 billion, a PE ratio of 30.01, a P/E/G ratio of 2.07 and a beta of -0.09.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The company had revenue of $118.92 million for the quarter, compared to the consensus estimate of $114.92 million. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%. As a group, equities research analysts expect that Triple Flag Precious Metals will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a $0.0575 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 2nd. Triple Flag Precious Metals's dividend payout ratio (DPR) is 19.49%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Triple Flag Precious Metals by 39.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company's stock valued at $77,373,000 after buying an additional 753,923 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Triple Flag Precious Metals by 25.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company's stock worth $76,908,000 after purchasing an additional 530,357 shares during the period. Van ECK Associates Corp boosted its stake in Triple Flag Precious Metals by 10.8% during the 3rd quarter. Van ECK Associates Corp now owns 2,555,954 shares of the company's stock worth $75,244,000 after purchasing an additional 250,123 shares during the period. Tidal Investments LLC boosted its stake in Triple Flag Precious Metals by 59.5% during the 3rd quarter. Tidal Investments LLC now owns 2,396,198 shares of the company's stock worth $70,113,000 after purchasing an additional 893,566 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Triple Flag Precious Metals by 82.2% during the 4th quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company's stock worth $56,198,000 after purchasing an additional 762,826 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

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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