Triple Flag Precious Metals (NYSE:TFPM) Announces Earnings Results

Triple Flag Precious Metals (NYSE:TFPM) released its earnings results on Wednesday. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02), Zacks reports. Triple Flag Precious Metals had a return on equity of 9.56% and a net margin of 59.43%.

Triple Flag Precious Metals Price Performance

TFPM stock traded up $0.33 during mid-day trading on Wednesday, reaching $35.90. 520,101 shares of the company traded hands, compared to its average volume of 664,086. The company has a fifty day moving average price of $35.41 and a 200-day moving average price of $31.22. Triple Flag Precious Metals has a 52-week low of $16.26 and a 52-week high of $40.29. The company has a market capitalization of $7.42 billion, a P/E ratio of 35.55, a P/E/G ratio of 0.97 and a beta of -0.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.68.

Institutional Trading of Triple Flag Precious Metals

A number of hedge funds and other institutional investors have recently bought and sold shares of TFPM. Quarry LP purchased a new position in shares of Triple Flag Precious Metals in the 3rd quarter worth about $33,000. Tower Research Capital LLC TRC lifted its position in Triple Flag Precious Metals by 160.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,015 shares of the company’s stock worth $119,000 after buying an additional 3,086 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its stake in Triple Flag Precious Metals by 54.8% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 4,009 shares of the company’s stock worth $133,000 after buying an additional 1,420 shares in the last quarter. Osaic Holdings Inc. boosted its stake in 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 worth $140,000 after buying an additional 5,797 shares in the last quarter. Finally, PharVision Advisers LLC bought a new position in Triple Flag Precious Metals during the third quarter valued at approximately $201,000. Institutional investors own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

TFPM has been the subject of a number of research reports. BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th. Wall Street Zen lowered Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Scotiabank boosted their target price on Triple Flag Precious Metals from $34.00 to $43.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.25.

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.