Triple Flag Precious Metals (NYSE:TFPM) Price Target Raised to $18.00

Triple Flag Precious Metals (NYSE:TFPM) had its price target upped by Jefferies Financial Group from $14.00 to $18.00 in a report published on Monday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently issued reports on TFPM. Bank of America raised their price target on Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a buy rating in a research report on Monday, March 18th. TheStreet raised Triple Flag Precious Metals from a d+ rating to a c- rating in a report on Wednesday, December 27th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Triple Flag Precious Metals currently has a consensus rating of Buy and a consensus target price of $21.80.

Triple Flag Precious Metals Stock Up 0.7 %

Shares of TFPM stock opened at $15.85 on Monday. The company has a market capitalization of $3.19 billion and a price-to-earnings ratio of 83.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.21 and a current ratio of 3.29. The stock’s 50 day simple moving average is $14.01 and its 200 day simple moving average is $13.33. Triple Flag Precious Metals has a twelve month low of $11.75 and a twelve month high of $17.33.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $51.74 million during the quarter. Triple Flag Precious Metals had a net margin of 17.78% and a return on equity of 3.64%. As a group, research analysts predict that Triple Flag Precious Metals will post 0.43 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.052 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.21 annualized dividend and a yield of 1.31%. Triple Flag Precious Metals’s dividend payout ratio is 110.53%.

Institutional Trading of Triple Flag Precious Metals

Several institutional investors have recently modified their holdings of TFPM. Sunbelt Securities Inc. raised its stake in shares of Triple Flag Precious Metals by 112.7% in the first quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock valued at $110,000 after purchasing an additional 4,029 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new position in shares of Triple Flag Precious Metals in the 3rd quarter valued at $134,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Triple Flag Precious Metals by 51.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,125 shares of the company’s stock worth $175,000 after acquiring an additional 4,475 shares during the period. Meixler Investment Management Ltd. lifted its holdings in shares of Triple Flag Precious Metals by 10.6% during the 3rd quarter. Meixler Investment Management Ltd. now owns 13,450 shares of the company’s stock worth $176,000 after acquiring an additional 1,287 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its position in shares of Triple Flag Precious Metals by 24.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,187 shares of the company’s stock valued at $198,000 after acquiring an additional 3,026 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.