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

Key Points

• Wall Street Zen upgraded Triple Flag Precious Metals (TFPM) from "hold" to "buy"; analysts are otherwise split (five Buy, five Hold), giving a consensus "Moderate Buy" with an average target price of $34.33.
• TFPM reported a slight quarterly EPS beat ($0.33 vs. $0.32) and revenue beat, with a high net margin (61.74%); the stock trades around $33.76, has a market cap of about $6.98 billion, and a 12‑month range of $19.36–$41.70.

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 issued on Sunday.

A number of other analysts also recently issued reports on the stock. Scotiabank lifted their price target on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the company a "sector perform" rating in a report on Monday, January 26th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Triple Flag Precious Metals in a report on Thursday, January 15th. Zacks Research cut Triple Flag Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 9th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Triple Flag Precious Metals in a report on Monday, April 20th. Finally, Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $34.33.

Triple Flag Precious Metals Trading Down 0.6%

Shares of Triple Flag Precious Metals stock opened at $33.76 on Friday. The company's fifty day simple moving average is $36.00 and its two-hundred day simple moving average is $34.07. The company has a market cap of $6.98 billion, a P/E ratio of 28.61, a PEG ratio of 3.50 and a beta of -0.09. Triple Flag Precious Metals has a 12-month low of $19.36 and a 12-month high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $118.92 million during the quarter, compared to analyst estimates of $114.92 million. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%. Analysts predict that Triple Flag Precious Metals will post 1.37 EPS for the current fiscal year.

Institutional Trading of Triple Flag Precious Metals

A number of institutional investors have recently bought and sold shares of TFPM. Bessemer Group Inc. bought a new stake in shares of Triple Flag Precious Metals during the third quarter worth $27,000. Banque Cantonale Vaudoise bought a new stake in shares of Triple Flag Precious Metals during the first quarter worth $33,000. Quarry LP bought a new stake in shares of Triple Flag Precious Metals during the third quarter worth $33,000. Aventura Private Wealth LLC bought a new stake in shares of Triple Flag Precious Metals during the fourth quarter worth $38,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Triple Flag Precious Metals by 120.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company's stock worth $40,000 after purchasing an additional 664 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.

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