Wall Street Zen Downgrades Triple Flag Precious Metals (NYSE:TFPM) to Hold

Key Points

• Analysts at Wall Street Zen have downgraded Triple Flag Precious Metals (NYSE:TFPM) from a "buy" to a "hold" rating, signaling caution for investors.
• Despite the downgrade, other firms like Zacks Research have upgraded the stock to "strong-buy," indicating mixed sentiments among analysts, with the average rating remaining a "Moderate Buy."
• The company's recent earnings exceeded expectations, reporting $0.24 earnings per share against a consensus estimate of $0.21, with a net margin of 53.11% for the latest quarter.

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

Several other brokerages have also weighed in on TFPM. Zacks Research upgraded shares of Triple Flag Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 25th. Weiss Ratings restated a "buy (b)" rating on shares of Triple Flag Precious Metals in a research report on Wednesday. Raymond James Financial restated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Friday. TD Securities restated a "buy" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. Finally, BMO Capital Markets downgraded shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Triple Flag Precious Metals currently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Triple Flag Precious Metals Trading Up 1.3%

Shares of TFPM opened at $29.95 on Friday. The firm's 50-day moving average is $27.61 and its two-hundred day moving average is $24.05. Triple Flag Precious Metals has a twelve month low of $14.51 and a twelve month high of $31.39. The firm has a market capitalization of $6.19 billion, a P/E ratio of 34.82, a PEG ratio of 1.27 and a beta of -0.18.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its 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. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. The company had revenue of $94.09 million for the quarter, compared to analyst estimates of $82.76 million. Analysts predict that Triple Flag Precious Metals will post 0.71 EPS for the current year.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several institutional investors and hedge funds have recently modified their holdings of TFPM. SVB Wealth LLC purchased a new position in shares of Triple Flag Precious Metals during the first quarter valued at approximately $34,000. Employees Retirement System of Texas purchased a new position in shares of Triple Flag Precious Metals during the second quarter valued at approximately $36,000. ORG Wealth Partners LLC purchased a new position in shares of Triple Flag Precious Metals during the second quarter valued at approximately $97,000. Tower Research Capital LLC TRC lifted its stake in shares of Triple Flag Precious Metals by 160.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,015 shares of the company's stock valued at $119,000 after buying an additional 3,086 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of Triple Flag Precious Metals by 4,954.7% during the second quarter. Osaic Holdings Inc. now owns 5,914 shares of the company's stock valued at $140,000 after buying an additional 5,797 shares during the period. Hedge funds and other institutional investors own 82.91% of the company's stock.

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.

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