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

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $24.00.

A number of research analysts have issued reports on TFPM shares. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. Jefferies Financial Group increased their target price on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Royal Bank Of Canada boosted their price target on shares of 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, Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th.

Triple Flag Precious Metals Trading Up 0.1%

Triple Flag Precious Metals stock traded up $0.03 during midday trading on Friday, reaching $24.56. 261,674 shares of the stock traded hands, compared to its average volume of 329,217. Triple Flag Precious Metals has a fifty-two week low of $13.94 and a fifty-two week high of $25.45. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 818.67, a PEG ratio of 1.20 and a beta of -0.24. The firm has a fifty day moving average price of $21.90 and a two-hundred day moving average price of $18.64.

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 for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. Triple Flag Precious Metals had a return on equity of 7.69% and a net margin of 1.71%. The company had revenue of $82.25 million for the quarter, compared to analysts' expectations of $72.14 million. Analysts anticipate that Triple Flag Precious Metals will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a dividend of $0.055 per share. The ex-dividend date was Friday, May 30th. This represents a $0.22 annualized dividend and a yield of 0.90%. Triple Flag Precious Metals's dividend payout ratio is currently 733.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TFPM. Tidal Investments LLC boosted its position in shares of Triple Flag Precious Metals by 221.9% during the 4th quarter. Tidal Investments LLC now owns 1,717,347 shares of the company's stock valued at $25,829,000 after purchasing an additional 1,183,827 shares in the last quarter. Norges Bank acquired a new stake in Triple Flag Precious Metals during the fourth quarter valued at approximately $15,696,000. Mackenzie Financial Corp boosted its holdings in Triple Flag Precious Metals by 2,463.9% during the first quarter. Mackenzie Financial Corp now owns 835,240 shares of the company's stock worth $15,978,000 after buying an additional 802,663 shares in the last quarter. SCS Capital Management LLC bought a new stake in Triple Flag Precious Metals during the first quarter worth approximately $15,179,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Triple Flag Precious Metals by 377.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock worth $13,652,000 after buying an additional 718,408 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

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.