Brokerages Set Triple Flag Precious Metals Corp. (NYSE:TFPM) PT at $24.00

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) have been given an average rating of "Moderate Buy" by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $24.00.

A number of equities research analysts have recently weighed in on TFPM shares. BMO Capital Markets reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. Scotiabank reiterated a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Raymond James reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. Royal Bank of Canada boosted their price target on Triple Flag Precious Metals from $19.00 to $23.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Finally, National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SVB Wealth LLC acquired a new position in Triple Flag Precious Metals during the 1st quarter valued at approximately $34,000. Farther Finance Advisors LLC boosted its position in Triple Flag Precious Metals by 175.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock worth $29,000 after acquiring an additional 1,208 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in Triple Flag Precious Metals during the 4th quarter worth $45,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Triple Flag Precious Metals during the 4th quarter worth $134,000. Finally, Quantbot Technologies LP boosted its position in Triple Flag Precious Metals by 1,258.9% during the 1st quarter. Quantbot Technologies LP now owns 9,390 shares of the company's stock worth $180,000 after acquiring an additional 8,699 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

Triple Flag Precious Metals Trading Up 2.7%

TFPM stock traded up $0.66 during midday trading on Friday, hitting $25.15. 560,253 shares of the company's stock were exchanged, compared to its average volume of 328,458. Triple Flag Precious Metals has a 12-month low of $13.94 and a 12-month high of $25.45. The firm has a 50 day moving average price of $21.69 and a 200-day moving average price of $18.53. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of -228.65, a price-to-earnings-growth ratio of 0.78 and a beta of -0.24.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. The company had revenue of $82.25 million for the quarter, compared to the consensus estimate of $72.14 million. On average, sell-side analysts forecast that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a yield of 0.87%. Triple Flag Precious Metals's dividend payout ratio is currently 733.33%.

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.