Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven brokerages that are presently covering the firm, MarketBeat.com reports. Three 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 target price among brokers that have covered the stock in the last year is $24.00.
Several brokerages have weighed in on TFPM. 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. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. Raymond James Financial reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th. Scotiabank reiterated a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Finally, Jefferies Financial Group boosted their price objective on 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.
Check Out Our Latest Research Report on TFPM
Triple Flag Precious Metals Stock Performance
NYSE:TFPM traded up $0.52 during mid-day trading on Wednesday, reaching $23.56. The stock had a trading volume of 425,467 shares, compared to its average volume of 341,957. The firm has a 50 day moving average price of $22.73 and a two-hundred day moving average price of $19.45. The stock has a market capitalization of $4.73 billion, a P/E ratio of 785.33, a P/E/G ratio of 1.16 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.
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. 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 during the quarter, compared to the consensus estimate of $72.14 million. Research analysts forecast that Triple Flag Precious Metals will post 0.71 earnings per share for the current year.
Triple Flag Precious Metals Announces Dividend
The firm also recently announced 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 of this dividend 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 dividend payout ratio is presently 733.33%.
Hedge Funds Weigh In On Triple Flag Precious Metals
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Triple Flag Precious Metals in the fourth quarter worth $464,000. Amundi purchased a new stake in Triple Flag Precious Metals in the fourth quarter worth $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 worth $473,000 after purchasing an additional 2,447 shares during the period. 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 worth $29,000 after purchasing an additional 1,208 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 worth $1,450,000 after purchasing an additional 46,500 shares during the period. Institutional investors own 82.91% of the company's stock.
About Triple Flag Precious Metals
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Get Free ReportTriple 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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