Triple Flag Precious Metals Corp. (NYSE:TFPM) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $27.25.

A number of brokerages recently issued reports on TFPM. Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, October 8th. BMO Capital Markets lowered shares of Triple Flag Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 25th. Raymond James Financial restated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Friday, October 10th. Wall Street Zen upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, CIBC restated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Tuesday, July 15th.

Institutional Trading of Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently bought and sold shares of TFPM. Norges Bank bought a new stake in shares of Triple Flag Precious Metals in the second quarter worth approximately $24,816,000. Arrowstreet Capital Limited Partnership grew its stake 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 acquiring an additional 844,765 shares during the period. Mackenzie Financial Corp grew its stake in shares of Triple Flag Precious Metals by 2,463.9% in the first quarter. Mackenzie Financial Corp now owns 835,240 shares of the company’s stock worth $15,978,000 after acquiring an additional 802,663 shares during the period. SCS Capital Management LLC bought a new stake in shares of Triple Flag Precious Metals in the first quarter worth approximately $15,179,000. Finally, Euro Pacific Asset Management LLC bought a new stake in shares of Triple Flag Precious Metals in the third quarter worth approximately $15,322,000. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Price Performance

Shares of NYSE TFPM opened at $29.12 on Friday. Triple Flag Precious Metals has a 1 year low of $14.51 and a 1 year high of $33.51. The stock has a market cap of $6.01 billion, a P/E ratio of 33.86, a price-to-earnings-growth ratio of 1.06 and a beta of -0.18. The firm has a 50-day moving average of $28.41 and a 200 day moving average of $24.68.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. The company had revenue of $94.09 million during the quarter, compared to analysts’ expectations of $82.76 million. Research analysts expect that Triple Flag Precious Metals will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.0575 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.23 dividend on an annualized basis and a yield of 0.8%. This is an increase from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 26.74%.

Triple Flag Precious Metals Company Profile

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.