Triple Flag Precious Metals (NYSE:TFPM) Hits New 1-Year High on Analyst Upgrade

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) reached a new 52-week high on Tuesday after National Bank Financial upgraded the stock to a strong-buy rating. The stock traded as high as $22.96 and last traded at $22.23, with a volume of 375883 shares. The stock had previously closed at $22.00.

TFPM has been the topic of a number of other reports. BMO Capital Markets reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday. Raymond James reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a report on Friday, April 4th. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Finally, Jefferies Financial Group upped their price target on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $22.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Intact Investment Management Inc. boosted its stake in shares of Triple Flag Precious Metals by 307.7% during the 1st quarter. Intact Investment Management Inc. now owns 106,000 shares of the company's stock worth $2,028,000 after purchasing an additional 80,000 shares during the period. Mackenzie Financial Corp lifted its stake in Triple Flag Precious Metals by 3.5% in the fourth quarter. Mackenzie Financial Corp now owns 32,577 shares of the company's stock worth $489,000 after purchasing an additional 1,101 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Triple Flag Precious Metals by 339.8% during the fourth quarter. Toronto Dominion Bank now owns 65,977 shares of the company's stock valued at $991,000 after buying an additional 50,977 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at approximately $255,000. Finally, Principal Street Partners LLC raised its holdings in shares of Triple Flag Precious Metals by 4.2% in the fourth quarter. Principal Street Partners LLC now owns 24,755 shares of the company's stock worth $372,000 after buying an additional 1,001 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Trading Down 2.6 %

The stock has a 50 day moving average of $19.12 and a 200-day moving average of $17.34. The stock has a market capitalization of $4.17 billion, a P/E ratio of -188.55, a price-to-earnings-growth ratio of 0.78 and a beta of -0.25.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $74.21 million during the quarter, compared to the consensus estimate of $74.10 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. Research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.055 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.22 annualized dividend and a yield of 1.06%. Triple Flag Precious Metals's dividend payout ratio (DPR) is -200.00%.

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.