Wall Street Zen Upgrades Triple Flag Precious Metals (NYSE:TFPM) to Buy

Key Points

• Triple Flag Precious Metals has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating a more favorable outlook on the stock.
• Currently, the stock has a consensus rating of "Moderate Buy" with an average target price of $27.25, reflecting positive sentiment from multiple analysts.
• Triple Flag Precious Metals reported earnings of $0.24 per share for the last quarter, exceeding analyst expectations and showcasing strong revenue of $94.09 million.

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 research report issued on Sunday.

A number of other equities analysts also recently commented on TFPM. CIBC restated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Tuesday, July 15th. Weiss Ratings restated a "buy (b)" rating on shares of Triple Flag Precious Metals in a report on Wednesday, October 8th. Zacks Research upgraded Triple Flag Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 25th. Canaccord Genuity Group downgraded Triple Flag Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 2nd. Finally, TD Securities restated a "buy" rating on shares of Triple Flag Precious Metals in a report on Tuesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Triple Flag Precious Metals presently has a consensus rating of "Moderate Buy" and an average target price of $27.25.

Triple Flag Precious Metals Price Performance

Shares of TFPM opened at $30.87 on Friday. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 35.89, a P/E/G ratio of 1.31 and a beta of -0.18. Triple Flag Precious Metals has a fifty-two week low of $14.51 and a fifty-two week high of $33.51. The business's 50-day moving average is $28.26 and its 200-day moving average is $24.52.

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, beating analysts' consensus estimates of $0.21 by $0.03. The company had revenue of $94.09 million for the quarter, compared to the consensus estimate of $82.76 million. Triple Flag Precious Metals had a return on equity of 8.81% and a net margin of 53.11%. Equities research analysts expect that Triple Flag Precious Metals will post 0.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Triple Flag Precious Metals

Large investors have recently added to or reduced their stakes in the stock. SVB Wealth LLC bought a new stake in Triple Flag Precious Metals during the first quarter worth approximately $34,000. Employees Retirement System of Texas bought a new stake in Triple Flag Precious Metals during the second quarter worth approximately $36,000. ORG Wealth Partners LLC bought a new stake in Triple Flag Precious Metals during the second quarter worth approximately $97,000. Tower Research Capital LLC TRC boosted its position in shares of Triple Flag Precious Metals by 160.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,015 shares of the company's stock valued at $119,000 after acquiring an additional 3,086 shares during the period. Finally, Osaic Holdings Inc. boosted its position in shares of Triple Flag Precious Metals by 4,954.7% in the second quarter. Osaic Holdings Inc. now owns 5,914 shares of the company's stock valued at $140,000 after acquiring an additional 5,797 shares during the period. 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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