Triple Flag Precious Metals' (TFPM) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• Triple Flag Precious Metals (TFPM) received a "Buy (B)" rating from Weiss Ratings, indicating strong confidence in the stock's potential performance.
• TFPM's stock has shown solid trading performance, reaching $30.86, with a market capitalization of $6.37 billion and a P/E ratio of 35.88.
• Analysts' ratings are varied, with two analysts giving a Strong Buy, five a Buy, and four a Hold, leading to an average rating of "Moderate Buy" and a price target of $24.00.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report)'s stock had its "buy (b)" rating reiterated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently weighed in on TFPM. Raymond James Financial reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Friday, August 8th. CIBC reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Tuesday, July 15th. Zacks Research raised Triple Flag Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 25th. BMO Capital Markets downgraded Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. Finally, Wall Street Zen upgraded Triple Flag Precious Metals from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.00.

Triple Flag Precious Metals Stock Performance

TFPM traded up $0.84 during midday trading on Wednesday, reaching $30.86. 693,274 shares of the company were exchanged, compared to its average volume of 463,551. The stock has a market capitalization of $6.37 billion, a P/E ratio of 35.88, a PEG ratio of 1.30 and a beta of -0.18. Triple Flag Precious Metals has a one year low of $14.51 and a one year high of $31.39. The stock's 50-day simple moving average is $27.18 and its 200 day simple moving average is $23.86.

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

Institutional Investors Weigh In On Triple Flag Precious Metals

Several institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in shares of Triple Flag Precious Metals by 69.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 305,826 shares of the company's stock worth $5,857,000 after acquiring an additional 125,746 shares in the last quarter. Ascent Group LLC acquired a new position in Triple Flag Precious Metals during the first quarter worth $327,000. SCS Capital Management LLC bought a new position in Triple Flag Precious Metals in the first quarter valued at $15,179,000. PDT Partners LLC acquired a new stake in Triple Flag Precious Metals in the 1st quarter valued at $250,000. Finally, American Century Companies Inc. lifted its position in Triple Flag Precious Metals by 0.8% during the 1st quarter. American Century Companies Inc. now owns 241,071 shares of the company's stock worth $4,612,000 after buying an additional 1,876 shares in the last quarter. 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.

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