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

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.

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Three 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 1-year price target among analysts that have issued a report on the stock in the last year is $24.00.

Several analysts recently weighed in on TFPM shares. CIBC reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Tuesday, July 15th. Jefferies Financial Group upped their target price on Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Scotiabank reiterated a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Royal Bank Of Canada boosted their price objective on Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Finally, BMO Capital Markets downgraded Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th.

Institutional Trading of Triple Flag Precious Metals

A number of hedge funds have recently modified their holdings of TFPM. Barclays PLC increased its stake in shares of Triple Flag Precious Metals by 65.4% in the fourth quarter. Barclays PLC now owns 235,658 shares of the company's stock worth $3,544,000 after acquiring an additional 93,214 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Triple Flag Precious Metals by 43.2% in the fourth quarter. Bank of America Corp DE now owns 381,554 shares of the company's stock worth $5,739,000 after acquiring an additional 115,103 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Triple Flag Precious Metals during the 4th quarter worth $464,000. Public Employees Retirement System of Ohio acquired a new position in shares of Triple Flag Precious Metals during the 4th quarter worth $255,000. Finally, Renaissance Technologies LLC increased its stake in shares of Triple Flag Precious Metals by 9.0% during the 4th quarter. Renaissance Technologies LLC now owns 98,900 shares of the company's stock worth $1,487,000 after purchasing an additional 8,200 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Performance

Shares of NYSE TFPM traded up $1.75 during midday trading on Friday, reaching $26.52. 750,066 shares of the company's stock were exchanged, compared to its average volume of 400,878. The stock has a market capitalization of $5.48 billion, a PE ratio of 884.00, a price-to-earnings-growth ratio of 1.11 and a beta of -0.20. Triple Flag Precious Metals has a 52-week low of $14.28 and a 52-week high of $26.97. The business's fifty day moving average price is $23.81 and its two-hundred day moving average price is $20.62.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. The firm had revenue of $94.09 million during the quarter, compared to analyst estimates of $82.76 million. Triple Flag Precious Metals had a return on equity of 7.69% and a net margin of 1.71%. Analysts predict that Triple Flag Precious Metals will post 0.71 earnings per share for the current fiscal year.

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.