Analysts Set Triple Flag Precious Metals Corp. (NYSE:TFPM) Price Target at $30.00

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $30.00.

TFPM has been the subject of several research reports. Wall Street Zen cut shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Wednesday, October 8th. Bank of America lifted their price objective on Triple Flag Precious Metals from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Scotiabank lowered their price objective on Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Finally, Zacks Research lowered Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th.

Institutional Trading of Triple Flag Precious Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. acquired a new position in Triple Flag Precious Metals in the third quarter worth about $27,000. Quarry LP bought a new stake in shares of Triple Flag Precious Metals in the 3rd quarter valued at approximately $33,000. Employees Retirement System of Texas acquired a new position in shares of Triple Flag Precious Metals in the 2nd quarter worth approximately $36,000. SBI Securities Co. Ltd. raised its holdings in shares of Triple Flag Precious Metals by 100.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock worth $41,000 after buying an additional 706 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in shares of Triple Flag Precious Metals during the 2nd quarter worth approximately $97,000. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Trading Up 5.0%

Shares of TFPM stock opened at $35.01 on Wednesday. The firm has a market capitalization of $7.23 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 0.80 and a beta of -0.21. Triple Flag Precious Metals has a 1 year low of $15.10 and a 1 year high of $35.86. The firm’s fifty day simple moving average is $32.04 and its 200 day simple moving average is $28.55. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Triple Flag Precious Metals had a net margin of 59.43% and a return on equity of 9.56%. The firm had revenue of $93.50 million during the quarter, compared to the consensus estimate of $87.46 million. As a group, sell-side analysts predict that Triple Flag Precious Metals will post 0.71 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.0575 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.7%. Triple Flag Precious Metals’s dividend payout ratio is currently 22.77%.

Triple Flag Precious Metals Company Profile

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.