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

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $38.6667.

Several analysts have issued reports on the company. Jefferies Financial Group lowered their target price on Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Weiss Ratings downgraded Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Zacks Research raised Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a report on Monday. Bank of America lowered their price objective on Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a report on Friday, June 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TFPM. Quantbot Technologies LP bought a new position in Triple Flag Precious Metals in the 2nd quarter worth approximately $1,417,000. Hara Capital LLC purchased a new stake in shares of Triple Flag Precious Metals during the second quarter worth $463,000. BlackRock Inc. bought a new position in shares of Triple Flag Precious Metals in the second quarter worth $453,000. Performance Wealth Partners LLC bought a new position in shares of Triple Flag Precious Metals in the second quarter worth $1,514,000. Finally, Deutsche Bank AG bought a new position in shares of Triple Flag Precious Metals in the second quarter worth $12,322,000. 82.91% of the stock is owned by institutional investors.

Triple Flag Precious Metals Stock Up 0.8%

Shares of TFPM stock opened at $32.24 on Thursday. The firm has a market cap of $6.64 billion, a P/E ratio of 16.20, a PEG ratio of 2.87 and a beta of -0.18. The company has a 50 day moving average of $29.39 and a 200-day moving average of $32.97. Triple Flag Precious Metals has a 12-month low of $24.75 and a 12-month high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%.The business had revenue of $129.20 million for the quarter, compared to the consensus estimate of $129.20 million. As a group, equities analysts expect that Triple Flag Precious Metals will post 1.41 EPS for the current year.

Triple Flag Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.7%. This is an increase from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, August 31st. Triple Flag Precious Metals’s payout ratio is presently 11.56%.

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.