Triple Flag Precious Metals Corp. (NYSE:TFPM) Receives $24.00 Consensus PT from Analysts

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $24.00.

A number of research firms recently commented on TFPM. Jefferies Financial Group upped their price objective 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 report on Monday, April 14th. Raymond James Financial reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Thursday. Royal Bank Of Canada upped their price objective 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, BMO Capital Markets downgraded Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Triple Flag Precious Metals in the fourth quarter valued at approximately $464,000. Amundi bought a new position in Triple Flag Precious Metals in the fourth quarter valued at approximately $8,281,000. HighTower Advisors LLC grew its stake in Triple Flag Precious Metals by 8.4% in the fourth quarter. HighTower Advisors LLC now owns 31,432 shares of the company's stock valued at $473,000 after purchasing an additional 2,447 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Triple Flag Precious Metals by 175.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock valued at $29,000 after purchasing an additional 1,208 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Triple Flag Precious Metals by 92.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 96,600 shares of the company's stock valued at $1,450,000 after buying an additional 46,500 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Triple Flag Precious Metals Price Performance

Shares of TFPM stock traded up $0.29 on Wednesday, reaching $23.57. 543,725 shares of the stock were exchanged, compared to its average volume of 343,635. The stock has a market cap of $4.73 billion, a PE ratio of 35.76, a P/E/G ratio of 1.08 and a beta of -0.20. Triple Flag Precious Metals has a one year low of $13.94 and a one year high of $25.45. The stock has a 50 day moving average price of $22.90 and a 200 day moving average price of $19.59.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The company had revenue of $82.25 million during the quarter, compared to the consensus estimate of $72.14 million. Triple Flag Precious Metals had a return on equity of 7.69% and a net margin of 1.71%. On average, research analysts expect that Triple Flag Precious Metals will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a dividend of $0.055 per share. The ex-dividend date was Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.93%. Triple Flag Precious Metals's payout ratio is 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.