Triple Flag Precious Metals Corp. (NYSE:TFPM) Receives $30.00 Average Price Target from Analysts

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $32.25.

A number of analysts recently commented on the stock. Scotiabank lifted their target price on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Wednesday, January 21st. Zacks Research downgraded shares of Triple Flag Precious Metals from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. Wall Street Zen cut shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Bank of America raised their price objective on Triple Flag Precious Metals from $33.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, October 16th.

Institutional Investors Weigh In On Triple Flag Precious Metals

A number of hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Triple Flag Precious Metals during the 2nd quarter worth $24,816,000. Tidal Investments LLC lifted its stake in shares of Triple Flag Precious Metals by 59.5% in the 3rd quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock valued at $70,113,000 after purchasing an additional 893,566 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Triple Flag Precious Metals by 1,619.6% during the 3rd quarter. Vanguard Group Inc. now owns 928,368 shares of the company’s stock worth $27,177,000 after purchasing an additional 874,382 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Triple Flag Precious Metals by 67.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,097,794 shares of the company’s stock valued at $49,731,000 after buying an additional 844,765 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Triple Flag Precious Metals by 39.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock valued at $77,373,000 after buying an additional 753,923 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Stock Performance

Shares of NYSE:TFPM opened at $38.43 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $7.94 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 1.17 and a beta of -0.21. The firm’s 50 day simple moving average is $34.39 and its 200-day simple moving average is $29.94. Triple Flag Precious Metals has a one year low of $15.47 and a one year high of $40.27.

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

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.0575 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.6%. Triple Flag Precious Metals’s dividend payout ratio is presently 22.77%.

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.