Triple Flag Precious Metals Corp. (NYSE:TFPM) Receives $32.25 Consensus Target Price from Brokerages

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

A number of research firms recently commented on TFPM. Wall Street Zen upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Saturday. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, January 21st. Scotiabank raised 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. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a report on Thursday, January 15th.

Triple Flag Precious Metals Stock Up 2.5%

TFPM stock opened at $37.64 on Thursday. The company has a 50-day simple moving average of $35.54 and a 200 day simple moving average of $31.44. The company has a market capitalization of $7.77 billion, a P/E ratio of 31.90, a PEG ratio of 1.01 and a beta of -0.21. Triple Flag Precious Metals has a fifty-two week low of $16.26 and a fifty-two week high of $40.29.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $118.92 million for the quarter, compared to the consensus estimate of $114.92 million. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%. Equities analysts anticipate 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 will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.0575 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.23 annualized dividend and a dividend yield of 0.6%. Triple Flag Precious Metals’s payout ratio is currently 19.49%.

Institutional Trading of Triple Flag Precious Metals

A number of large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Triple Flag Precious Metals during the fourth quarter valued at $49,550,000. Tidal Investments LLC lifted its stake in Triple Flag Precious Metals by 59.5% during the third quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock valued at $70,113,000 after buying an additional 893,566 shares in the last quarter. Vanguard Group Inc. lifted its stake in Triple Flag Precious Metals by 1,619.6% during the third quarter. Vanguard Group Inc. now owns 928,368 shares of the company’s stock valued at $27,177,000 after buying an additional 874,382 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Triple Flag Precious Metals by 67.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,097,794 shares of the company’s stock worth $49,731,000 after buying an additional 844,765 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 worth $77,373,000 after acquiring an additional 753,923 shares in 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.