Triple Flag Precious Metals (NYSE:TFPM) Reaches New 12-Month High – What’s Next?

Triple Flag Precious Metals Corp. (NYSE:TFPM) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $35.79 and last traded at $35.6710, with a volume of 175432 shares changing hands. The stock had previously closed at $34.90.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TFPM. Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, October 8th. Scotiabank lowered their target price on Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Zacks Research downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Canaccord Genuity Group lowered shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Triple Flag Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Triple Flag Precious Metals Stock Performance

The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The stock has a market cap of $7.38 billion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 0.96 and a beta of -0.22. The firm’s 50-day moving average is $31.34 and its two-hundred day moving average is $27.98.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. Triple Flag Precious Metals had a net margin of 59.43% and a return on equity of 9.56%. The company had revenue of $93.50 million during the quarter, compared to the consensus estimate of $87.46 million. As a group, research analysts expect that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued 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, December 1st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 22.77%.

Institutional Trading of Triple Flag Precious Metals

Several large investors have recently made changes to their positions in the stock. Nuveen LLC bought a new position in shares of Triple Flag Precious Metals in the 1st quarter valued at approximately $1,046,000. Russell Investments Group Ltd. grew its holdings in Triple Flag Precious Metals by 2.5% during the first quarter. Russell Investments Group Ltd. now owns 28,561 shares of the company’s stock valued at $546,000 after purchasing an additional 703 shares during the last quarter. American Century Companies Inc. raised its position in shares of Triple Flag Precious Metals by 0.8% in the first quarter. American Century Companies Inc. now owns 241,071 shares of the company’s stock valued at $4,612,000 after purchasing an additional 1,876 shares during the period. Quantbot Technologies LP lifted its stake in shares of Triple Flag Precious Metals by 1,258.9% in the first quarter. Quantbot Technologies LP now owns 9,390 shares of the company’s stock worth $180,000 after buying an additional 8,699 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Triple Flag Precious Metals in the first quarter worth $34,000. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Company Profile

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.