Triple Flag Precious Metals Corp. (NYSE:TFPM) Receives $24.00 Consensus Target Price from Brokerages

Key Points

• Triple Flag Precious Metals Corp. (NYSE:TFPM) has received an average analyst rating of "Moderate Buy", with three analysts recommending a hold, four a buy, and one a strong buy.
• The company's stock has seen several price target adjustments, with Jefferies increasing its target to $26.00 while BMO Capital Markets downgraded it to a market perform rating.
• Triple Flag Precious Metals recently reported a quarterly revenue of $82.25 million, exceeding analysts' expectations of $72.14 million, along with a quarterly dividend of $0.055 per share.

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $24.00.

A number of research analysts have recently issued reports on TFPM shares. Scotiabank reiterated a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. BMO Capital Markets downgraded Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 25th. Wall Street Zen lowered Triple Flag Precious Metals from a "strong-buy" rating to a "buy" rating in a report on Saturday. National Bank Financial upgraded shares of Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Jefferies Financial Group upped their price target on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd.

Triple Flag Precious Metals Stock Performance

NYSE TFPM traded up $0.62 during trading on Friday, reaching $24.49. 327,964 shares of the company's stock were exchanged, compared to its average volume of 400,266. Triple Flag Precious Metals has a 1 year low of $14.20 and a 1 year high of $25.45. The company has a 50 day moving average price of $23.69 and a two-hundred day moving average price of $20.57. The stock has a market cap of $5.06 billion, a P/E ratio of 816.17, a price-to-earnings-growth ratio of 1.08 and a beta of -0.20.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The firm had revenue of $82.25 million for the quarter, compared to analyst estimates of $72.14 million. Triple Flag Precious Metals had a return on equity of 7.69% and a net margin of 1.71%. Research analysts forecast 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 Monday, June 16th. Shareholders of record on Friday, May 30th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio is 733.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. SVB Wealth LLC purchased a new position in shares of Triple Flag Precious Metals in the 1st quarter valued at $34,000. ORG Wealth Partners LLC purchased a new position in Triple Flag Precious Metals in the second quarter valued at about $97,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Triple Flag Precious Metals during the fourth quarter worth about $134,000. Quantbot Technologies LP grew its stake in shares of Triple Flag Precious Metals by 1,258.9% in the first quarter. Quantbot Technologies LP now owns 9,390 shares of the company's stock valued at $180,000 after buying an additional 8,699 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC purchased a new stake in shares of Triple Flag Precious Metals during the 2nd quarter valued at about $206,000. 82.91% of the stock is 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.