Triple Flag Precious Metals (NYSE:TFPM) Given "Buy (B)" Rating at Weiss Ratings

Key Points

• Triple Flag Precious Metals has received a "Buy (B)" rating from Weiss Ratings and various analysts have offered ratings ranging from "Strong Buy" to "Hold".
• As of the latest report, the company showed a quarterly earnings per share (EPS) of $0.24, surpassing estimates by $0.03, alongside a revenue of $94.09 million.
• The company's stock has a current average target price of $27.25, with a market cap of $5.94 billion.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report)'s stock had its "buy (b)" rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

TFPM has been the topic of a number of other research reports. Raymond James Financial reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Friday, October 10th. Wall Street Zen raised Triple Flag Precious Metals from a "hold" rating to a "buy" rating in a research report on Sunday, October 19th. Zacks Research raised Triple Flag Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 25th. Canaccord Genuity Group cut shares of Triple Flag Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 2nd. Finally, CIBC restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Triple Flag Precious Metals presently has an average rating of "Moderate Buy" and an average target price of $27.25.

Triple Flag Precious Metals Stock Down 0.3%

Shares of NYSE TFPM opened at $28.76 on Friday. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 0.93 and a beta of -0.18. Triple Flag Precious Metals has a 52-week low of $14.51 and a 52-week high of $33.51. The business's 50 day moving average is $28.59 and its two-hundred day moving average is $24.85.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. The company had revenue of $94.09 million for the quarter, compared to analyst estimates of $82.76 million. Triple Flag Precious Metals had a return on equity of 8.81% and a net margin of 53.11%. Analysts anticipate that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Triple Flag Precious Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Corundum Trust Company INC acquired a new stake in shares of Triple Flag Precious Metals in the 3rd quarter valued at $170,000. SG Americas Securities LLC acquired a new stake in shares of Triple Flag Precious Metals in the 3rd quarter valued at $252,000. Earned Wealth Advisors LLC raised its holdings in shares of Triple Flag Precious Metals by 18.7% in the 3rd quarter. Earned Wealth Advisors LLC now owns 14,493 shares of the company's stock valued at $424,000 after purchasing an additional 2,279 shares in the last quarter. U S Global Investors Inc. raised its holdings in shares of Triple Flag Precious Metals by 1.9% in the 3rd quarter. U S Global Investors Inc. now owns 213,665 shares of the company's stock valued at $6,252,000 after purchasing an additional 3,898 shares in the last quarter. Finally, Merit Financial Group LLC raised its holdings in shares of Triple Flag Precious Metals by 10.4% in the 3rd quarter. Merit Financial Group LLC now owns 9,774 shares of the company's stock valued at $286,000 after purchasing an additional 919 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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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