Triple Flag Precious Metals (NYSE:TFPM) Upgraded at Wall Street Zen

Key Points

• Triple Flag Precious Metals received an upgrade from Wall Street Zen, changing its rating from "hold" to "buy," indicating positive sentiment from analysts.
• The stock currently has a consensus rating of "Moderate Buy" and a target price of $24.00, reflecting optimism among various analysts despite some mixed ratings.
• As of the latest earnings report, Triple Flag Precious Metals beat expectations with an EPS of $0.24 and revenue of $94.09 million, surpassing analyst estimates.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Several other equities research analysts also recently commented on TFPM. TD Securities reissued a "buy" rating on shares of Triple Flag Precious Metals in a report on Tuesday, June 24th. BMO Capital Markets downgraded Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. Raymond James Financial reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Friday, August 8th. Royal Bank Of Canada boosted 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, CIBC reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company's 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

TFPM stock traded up $0.13 during midday trading on Friday, hitting $27.87. The stock had a trading volume of 461,960 shares, compared to its average volume of 621,498. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 1.20 and a beta of -0.19. The business has a 50-day moving average of $25.75 and a two-hundred day moving average of $22.86. Triple Flag Precious Metals has a 52-week low of $14.51 and a 52-week high of $29.30.

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

Institutional Trading of Triple Flag Precious Metals

A number of hedge funds have recently bought and sold shares of TFPM. Tidal Investments LLC boosted its position in Triple Flag Precious Metals by 221.9% in the fourth quarter. Tidal Investments LLC now owns 1,717,347 shares of the company's stock worth $25,829,000 after purchasing an additional 1,183,827 shares during the last quarter. Norges Bank purchased a new position in Triple Flag Precious Metals in the second quarter worth about $24,816,000. Arrowstreet Capital Limited Partnership boosted its position in Triple Flag Precious Metals by 67.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,097,794 shares of the company's stock worth $49,731,000 after purchasing an additional 844,765 shares during the last quarter. Mackenzie Financial Corp boosted its position in Triple Flag Precious Metals by 2,463.9% in the first quarter. Mackenzie Financial Corp now owns 835,240 shares of the company's stock worth $15,978,000 after purchasing an additional 802,663 shares during the last quarter. Finally, SCS Capital Management LLC purchased a new position in Triple Flag Precious Metals in the first quarter worth about $15,179,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

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.