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

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.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also recently weighed in on the company. Jefferies Financial Group lifted 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. BMO Capital Markets cut shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 25th. CIBC reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. Raymond James Financial reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Thursday, July 10th. Finally, National Bank Financial upgraded shares of Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.00.

Triple Flag Precious Metals Price Performance

NYSE TFPM opened at $23.02 on Friday. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 767.33, a PEG ratio of 1.03 and a beta of -0.20. Triple Flag Precious Metals has a 1-year low of $13.94 and a 1-year high of $25.45. The business's fifty day moving average price is $23.65 and its 200-day moving average price is $20.44.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating 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 company had revenue of $82.25 million during the quarter, compared to analyst estimates of $72.14 million. Equities research analysts anticipate that Triple Flag Precious Metals will post 0.71 EPS for the current year.

Institutional Investors Weigh In On Triple Flag Precious Metals

A number of institutional investors have recently added to or reduced their stakes in the stock. SVB Wealth LLC bought a new position in shares of Triple Flag Precious Metals during the first quarter worth $34,000. ORG Wealth Partners LLC bought a new stake in Triple Flag Precious Metals in the 2nd quarter valued at $97,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Triple Flag Precious Metals in the 4th quarter worth $134,000. Quantbot Technologies LP boosted its holdings in shares of Triple Flag Precious Metals by 1,258.9% during the 1st quarter. Quantbot Technologies LP now owns 9,390 shares of the company's stock valued at $180,000 after purchasing an additional 8,699 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC bought a new position in shares of Triple Flag Precious Metals during the 2nd quarter valued at about $206,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

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.

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