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

Key Points

• Triple Flag Precious Metals Corp. has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month target price of $27.25.
• Recent changes in analyst ratings include downgrades from several firms, impacting the company's previous ratings and outlook.
• The company reported a quarterly dividend increase to $0.0575 per share, reflecting a solid annualized yield of 0.7% and a dividend payout ratio of 26.74%.

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve analysts that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $27.25.

A number of equities analysts have commented on the stock. Canaccord Genuity Group downgraded shares of Triple Flag Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 2nd. Weiss Ratings reissued a "buy (b)" rating on shares of Triple Flag Precious Metals in a report on Wednesday, October 8th. BMO Capital Markets cut shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. CIBC reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, July 15th. Finally, Wall Street Zen downgraded Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a research note on Saturday, October 11th.

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of large investors have recently made changes to their positions in TFPM. Intact Investment Management Inc. increased its holdings in shares of Triple Flag Precious Metals by 307.7% in the 1st 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. Goehring & Rozencwajg Associates LLC increased its holdings in Triple Flag Precious Metals by 2.2% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 101,856 shares of the company's stock valued at $1,957,000 after buying an additional 2,200 shares in the last quarter. Alps Advisors Inc. purchased a new position in Triple Flag Precious Metals in the first quarter valued at about $779,000. Genus Capital Management Inc. purchased a new position in Triple Flag Precious Metals in the first quarter valued at about $721,000. Finally, Proficio Capital Partners LLC purchased a new position in Triple Flag Precious Metals in the 1st quarter valued at approximately $1,124,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Up 2.9%

TFPM opened at $33.24 on Friday. The business has a 50 day moving average price of $28.18 and a two-hundred day moving average price of $24.40. The company has a market cap of $6.87 billion, a PE ratio of 38.65, a P/E/G ratio of 1.37 and a beta of -0.18. Triple Flag Precious Metals has a 52 week low of $14.51 and a 52 week high of $33.51.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. Triple Flag Precious Metals had a return on equity of 8.81% and a net margin of 53.11%.The business had revenue of $94.09 million during the quarter, compared to analysts' expectations of $82.76 million. As a group, sell-side analysts expect that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $0.0575 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Triple Flag Precious Metals's previous quarterly dividend of $0.06. This represents a $0.23 annualized dividend and a yield of 0.7%. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently 26.74%.

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.

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