Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $25.45 and last traded at $25.17, with a volume of 170343 shares changing hands. The stock had previously closed at $24.49.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. BMO Capital Markets reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. Jefferies Financial Group increased their target price on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Raymond James reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. Royal Bank of Canada increased their target price on Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Finally, National Bank Financial raised Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Triple Flag Precious Metals currently has an average rating of "Moderate Buy" and a consensus target price of $24.00.
View Our Latest Analysis on Triple Flag Precious Metals
Triple Flag Precious Metals Stock Performance
The firm has a market capitalization of $5.05 billion, a P/E ratio of -228.65, a price-to-earnings-growth ratio of 0.78 and a beta of -0.24. The stock has a 50-day moving average of $21.69 and a 200 day moving average of $18.52.
Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The business had revenue of $82.25 million for the quarter, compared to analyst estimates of $72.14 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. On average, equities analysts predict that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.
Triple Flag Precious Metals Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.055 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a yield of 0.87%. Triple Flag Precious Metals's payout ratio is 733.33%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its position in Triple Flag Precious Metals by 65.4% in the 4th quarter. Barclays PLC now owns 235,658 shares of the company's stock valued at $3,544,000 after buying an additional 93,214 shares during the last quarter. Bank of America Corp DE boosted its position in Triple Flag Precious Metals by 43.2% in the 4th quarter. Bank of America Corp DE now owns 381,554 shares of the company's stock valued at $5,739,000 after buying an additional 115,103 shares during the last quarter. Raymond James Financial Inc. bought a new position in Triple Flag Precious Metals in the 4th quarter valued at $464,000. Public Employees Retirement System of Ohio bought a new position in Triple Flag Precious Metals in the 4th quarter valued at $255,000. Finally, Renaissance Technologies LLC boosted its position in Triple Flag Precious Metals by 9.0% in the 4th quarter. Renaissance Technologies LLC now owns 98,900 shares of the company's stock valued at $1,487,000 after buying an additional 8,200 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.
About Triple Flag Precious Metals
(
Get Free Report)
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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