Jefferies Financial Group Increases Triple Flag Precious Metals (NYSE:TFPM) Price Target to $22.00

Triple Flag Precious Metals (NYSE:TFPM) had its price target lifted by stock analysts at Jefferies Financial Group from $20.00 to $22.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 36.73% from the company’s previous close.

Separately, Scotiabank boosted their price target on Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Triple Flag Precious Metals Stock Down 0.7 %

Shares of Triple Flag Precious Metals stock opened at $16.09 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.80 and a quick ratio of 5.59. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 84.69, a PEG ratio of 1.12 and a beta of -0.14. The firm’s 50-day moving average is $16.06 and its two-hundred day moving average is $15.87. Triple Flag Precious Metals has a 1 year low of $11.75 and a 1 year high of $18.08.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $63.58 million for the quarter. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%. As a group, research analysts expect that Triple Flag Precious Metals will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of large investors have recently made changes to their positions in the business. Sunbelt Securities Inc. grew its stake in Triple Flag Precious Metals by 112.7% during the 1st quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after buying an additional 4,029 shares during the last quarter. Versor Investments LP acquired a new stake in Triple Flag Precious Metals in the second quarter worth about $160,000. 1832 Asset Management L.P. purchased a new stake in shares of Triple Flag Precious Metals during the second quarter worth about $165,000. CIBC Asset Management Inc acquired a new position in shares of Triple Flag Precious Metals during the second quarter valued at about $179,000. Finally, Magnetar Financial LLC purchased a new position in shares of Triple Flag Precious Metals in the 2nd quarter valued at approximately $228,000. 82.91% of the stock is owned by institutional investors and hedge funds.

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.