Triple Flag Precious Metals (NYSE:TFPM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Triple Flag Precious Metals (NYSE:TFPM) from a hold rating to a buy rating in a research report released on Sunday morning.

TFPM has been the subject of several other reports. Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Wednesday, October 8th. Zacks Research raised Triple Flag Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. CIBC reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Tuesday, July 15th. Bank of America upped their price target on Triple Flag Precious Metals from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, TD Securities reaffirmed a “buy” rating on shares of Triple Flag Precious Metals in a research note on Tuesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.25.

Triple Flag Precious Metals Trading Down 8.9%

Shares of NYSE:TFPM opened at $29.12 on Friday. The stock has a market capitalization of $6.01 billion, a P/E ratio of 33.86, a P/E/G ratio of 1.06 and a beta of -0.18. Triple Flag Precious Metals has a 1-year low of $14.51 and a 1-year high of $33.51. The business has a 50-day moving average price of $28.41 and a two-hundred day moving average price of $24.68.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. The firm had revenue of $94.09 million during the quarter, compared to analysts’ expectations of $82.76 million. Triple Flag Precious Metals had a return on equity of 8.81% and a net margin of 53.11%. As a group, equities analysts predict that Triple Flag Precious Metals will post 0.71 EPS for the current year.

Triple Flag Precious Metals Increases Dividend

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

Institutional Trading of Triple Flag Precious Metals

Large investors have recently bought and sold shares of the business. Employees Retirement System of Texas bought a new stake in Triple Flag Precious Metals during the 2nd quarter worth approximately $36,000. SVB Wealth LLC bought a new stake in Triple Flag Precious Metals during the 1st quarter worth approximately $34,000. ORG Wealth Partners LLC bought a new stake in Triple Flag Precious Metals during the 2nd quarter worth approximately $97,000. Tower Research Capital LLC TRC increased its stake in Triple Flag Precious Metals by 160.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,015 shares of the company’s stock worth $119,000 after purchasing an additional 3,086 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in Triple Flag Precious Metals by 4,954.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,914 shares of the company’s stock worth $140,000 after purchasing an additional 5,797 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

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.