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

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are covering the firm, MarketBeat 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 12 month target price among analysts that have issued ratings on the stock in the last year is $32.25.

A number of research firms have recently weighed in on TFPM. Scotiabank increased their price objective on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, February 4th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th.

Triple Flag Precious Metals Price Performance

NYSE:TFPM opened at $35.80 on Friday. The firm has a market capitalization of $7.40 billion, a P/E ratio of 30.34, a PEG ratio of 2.03 and a beta of -0.09. Triple Flag Precious Metals has a 1-year low of $19.36 and a 1-year high of $41.70. The company’s fifty day moving average price is $36.04 and its 200-day moving average price is $33.80.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $118.92 million for the quarter, compared to analyst estimates 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 fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a dividend of $0.0575 per share. This represents a $0.23 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, March 2nd. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently 19.49%.

Institutional Trading of Triple Flag Precious Metals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TFPM. Goldman Sachs Group Inc. grew its position in Triple Flag Precious Metals by 69.8% during the first quarter. Goldman Sachs Group Inc. now owns 305,826 shares of the company’s stock valued at $5,857,000 after buying an additional 125,746 shares during the period. JPMorgan Chase & Co. grew its position in Triple Flag Precious Metals by 741.2% during the second quarter. JPMorgan Chase & Co. now owns 299,713 shares of the company’s stock valued at $7,100,000 after buying an additional 264,082 shares during the period. Russell Investments Group Ltd. grew its position in Triple Flag Precious Metals by 6.9% during the second quarter. Russell Investments Group Ltd. now owns 30,537 shares of the company’s stock valued at $723,000 after buying an additional 1,976 shares during the period. First Trust Advisors LP grew its position in Triple Flag Precious Metals by 94.5% during the second quarter. First Trust Advisors LP now owns 103,451 shares of the company’s stock valued at $2,451,000 after buying an additional 50,263 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in Triple Flag Precious Metals by 30.1% during the second quarter. Qube Research & Technologies Ltd now owns 289,037 shares of the company’s stock valued at $6,847,000 after buying an additional 66,938 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

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.