Wall Street Zen Upgrades Triple Flag Precious Metals (NYSE:TFPM) to Buy

Triple Flag Precious Metals (NYSE:TFPM) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other brokerages have also weighed in on TFPM. Scotiabank boosted their price target on 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 reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, January 21st. BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th. Zacks Research raised shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Triple Flag Precious Metals has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

Triple Flag Precious Metals Stock Up 2.5%

Triple Flag Precious Metals stock opened at $37.64 on Friday. The firm has a market cap of $7.78 billion, a P/E ratio of 31.90, a P/E/G ratio of 1.01 and a beta of -0.21. The business has a fifty day moving average of $35.54 and a two-hundred day moving average of $31.48. Triple Flag Precious Metals has a twelve month low of $16.26 and a twelve month high of $40.29.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%. The business had revenue of $118.92 million for the quarter, compared to analysts’ expectations of $114.92 million. Equities analysts expect that Triple Flag Precious Metals will post 0.71 earnings per share for the current year.

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of institutional investors have recently modified their holdings of the business. PFG Investments LLC boosted its stake in Triple Flag Precious Metals by 3.1% during the 4th quarter. PFG Investments LLC now owns 9,149 shares of the company’s stock worth $304,000 after purchasing an additional 279 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in shares of Triple Flag Precious Metals by 4.2% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,253 shares of the company’s stock valued at $241,000 after buying an additional 290 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Triple Flag Precious Metals by 2.2% during the third quarter. Public Employees Retirement System of Ohio now owns 16,751 shares of the company’s stock worth $491,000 after buying an additional 368 shares during the period. Caitlin John LLC grew its holdings in shares of Triple Flag Precious Metals by 11.2% during the fourth quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock worth $124,000 after buying an additional 375 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Triple Flag Precious Metals by 4.2% during the fourth quarter. Blue Trust Inc. now owns 15,163 shares of the company’s stock worth $504,000 after buying an additional 609 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

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.