Brokerages Set Triple Flag Precious Metals Corp. (NYSE:TFPM) Target Price at $34.33

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have been given an average rating of “Moderate Buy” by the nine research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $40.00.

TFPM has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 20th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, February 4th. Wall Street Zen upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Zacks Research cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TFPM. Norges Bank acquired a new position in Triple Flag Precious Metals in the fourth quarter valued at approximately $49,550,000. Tidal Investments LLC lifted its holdings in Triple Flag Precious Metals by 59.5% in the third quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock valued at $70,113,000 after acquiring an additional 893,566 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Triple Flag Precious Metals by 1,619.6% in the third quarter. Vanguard Group Inc. now owns 928,368 shares of the company’s stock valued at $27,177,000 after acquiring an additional 874,382 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Triple Flag Precious Metals by 39.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock worth $77,373,000 after purchasing an additional 753,923 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Triple Flag Precious Metals by 25.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company’s stock worth $76,908,000 after purchasing an additional 530,357 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Price Performance

TFPM stock opened at $29.87 on Friday. The business has a 50 day simple moving average of $33.34 and a 200-day simple moving average of $34.55. The firm has a market capitalization of $6.17 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 5.67 and a beta of -0.22. Triple Flag Precious Metals has a 1 year low of $22.60 and a 1 year high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $147.00 million during the quarter, compared to analyst estimates of $147.00 million. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%. On average, equities research analysts expect that Triple Flag Precious Metals will post 1.43 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.0575 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.23 dividend on an annualized basis and a yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio is currently 15.23%.

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.