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

Key Points

• Shares of Triple Flag Precious Metals received a consensus "Moderate Buy" from 10 analysts (five hold, five buy) with an average one‑year price target of $34.33 and some firms (e.g., Scotiabank) raising targets as high as $43.
• TFPM trades near $31.36 with a $6.48B market cap and a P/E of 26.6; the company beat quarterly expectations (EPS $0.33 vs. $0.32, revenue $118.9M vs. $114.9M), pays a quarterly dividend of $0.0575 (annualized $0.23, yield ~0.7%, payout ratio 19.5%), and is 82.9% owned by institutional investors.

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten ratings firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $34.3333.

A number of research firms recently weighed in on TFPM. Wall Street Zen upgraded shares of Triple Flag Precious Metals from a "hold" rating to a "buy" rating in a research report on Sunday, April 26th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, February 4th. Scotiabank boosted their price target on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a "sector perform" rating in a research report on Monday, January 26th. Weiss Ratings restated a "buy (b)" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 20th. Finally, BMO Capital Markets restated a "market perform" rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th.

Triple Flag Precious Metals Stock Down 0.5%

TFPM stock opened at $31.36 on Tuesday. The stock has a market capitalization of $6.48 billion, a P/E ratio of 26.58, a P/E/G ratio of 2.75 and a beta of -0.20. The firm has a 50-day simple moving average of $35.70 and a 200-day simple moving average of $34.14. Triple Flag Precious Metals has a 52 week low of $19.36 and a 52 week high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $118.92 million during the quarter, compared to analysts' expectations of $114.92 million. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%. On average, analysts expect that Triple Flag Precious Metals will post 1.4 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a dividend of $0.0575 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.23 dividend on an annualized basis and a yield of 0.7%. Triple Flag Precious Metals's payout ratio is presently 19.49%.

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently bought and sold shares of TFPM. Norges Bank acquired a new position in Triple Flag Precious Metals during the fourth quarter worth about $49,550,000. Tidal Investments LLC boosted its holdings in Triple Flag Precious Metals by 59.5% in the 3rd quarter. Tidal Investments LLC now owns 2,396,198 shares of the company's stock valued at $70,113,000 after purchasing an additional 893,566 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Triple Flag Precious Metals by 1,619.6% in the 3rd quarter. Vanguard Group Inc. now owns 928,368 shares of the company's stock valued at $27,177,000 after purchasing an additional 874,382 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Triple Flag Precious Metals by 39.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company's stock valued at $77,373,000 after purchasing an additional 753,923 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Triple Flag Precious Metals by 25.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company's stock valued at $76,908,000 after purchasing an additional 530,357 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.

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