Triple Flag Precious Metals (NYSE:TFPM) Downgraded to "Buy" Rating by Wall Street Zen

Key Points

• Triple Flag Precious Metals has been downgraded by Wall Street Zen from a "strong-buy" to a "buy" rating, reflecting a shift in analyst sentiment.
• Jefferies Financial Group raised its price target for the stock to $26.00, while BMO Capital Markets downgraded it to "market perform," indicating mixed analyses among different firms.
• The company reported earnings of $0.20 per share, surpassing estimates, with revenue of $82.25 million for the quarter, exceeding analyst expectations.

Wall Street Zen cut shares of Triple Flag Precious Metals (NYSE:TFPM - Free Report) from a strong-buy rating to a buy rating in a report issued on Saturday.

Several other analysts have also weighed in on the stock. National Bank Financial upgraded shares of Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. Jefferies Financial Group lifted their price objective on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. BMO Capital Markets downgraded shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Finally, CIBC reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Triple Flag Precious Metals has an average rating of "Moderate Buy" and an average target price of $24.00.

Triple Flag Precious Metals Trading Up 2.0%

NYSE:TFPM traded up $0.48 during mid-day trading on Friday, hitting $24.35. 174,723 shares of the company's stock were exchanged, compared to its average volume of 398,030. The company has a 50 day simple moving average of $23.69 and a 200-day simple moving average of $20.57. Triple Flag Precious Metals has a fifty-two week low of $14.20 and a fifty-two week high of $25.45. The firm has a market capitalization of $5.03 billion, a P/E ratio of 811.53, a PEG ratio of 1.04 and a beta of -0.20.

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 (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. Triple Flag Precious Metals had a net margin of 1.71% and a return on equity of 7.69%. The firm had revenue of $82.25 million during the quarter, compared to analyst estimates of $72.14 million. As a group, analysts expect that Triple Flag Precious Metals will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently 733.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SVB Wealth LLC bought a new position in shares of Triple Flag Precious Metals in the first quarter worth approximately $34,000. ORG Wealth Partners LLC bought a new position in shares of Triple Flag Precious Metals in the second quarter worth approximately $97,000. Drucker Wealth 3.0 LLC bought a new position in shares of Triple Flag Precious Metals in the second quarter worth approximately $206,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Triple Flag Precious Metals in the fourth quarter worth approximately $134,000. Finally, Quantbot Technologies LP grew its holdings in shares of Triple Flag Precious Metals by 1,258.9% in the first quarter. Quantbot Technologies LP now owns 9,390 shares of the company's stock worth $180,000 after purchasing an additional 8,699 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

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.