Triple Flag Precious Metals Corp. (NYSE:TFPM) Stock Has Average Price Target of $39.25

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $39.25.

TFPM has been the topic of a number of recent analyst reports. Zacks Research upgraded Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, September 9th. Wall Street Zen downgraded shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Bank of America lowered their price objective on shares of Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Scotiabank dropped their target price on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th.

Triple Flag Precious Metals Trading Down 0.0%

Shares of TFPM opened at $30.60 on Friday. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 2.77 and a beta of -0.13. The stock has a 50 day moving average of $32.26 and a 200 day moving average of $31.81. Triple Flag Precious Metals has a 12 month low of $26.61 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 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. The business had revenue of $129.20 million for the quarter, compared to analysts’ expectations of $129.20 million. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%. As a group, equities research analysts predict that Triple Flag Precious Metals will post 1.39 earnings per share for the current year.

Triple Flag Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, August 31st. This is an increase from Triple Flag Precious Metals’s previous quarterly dividend of $0.0575. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 12.06%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several institutional investors have recently bought and sold shares of TFPM. Cetera Investment Advisers grew its stake in shares of Triple Flag Precious Metals by 9.2% during the 1st quarter. Cetera Investment Advisers now owns 7,784 shares of the company’s stock worth $270,000 after acquiring an additional 655 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Triple Flag Precious Metals by 120.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock worth $40,000 after acquiring an additional 664 shares during the last quarter. Blue Trust Inc. raised its stake in Triple Flag Precious Metals by 4.4% in the 1st quarter. Blue Trust Inc. now owns 15,833 shares of the company’s stock valued at $550,000 after acquiring an additional 670 shares during the period. Parvin Asset Management LLC raised its stake in Triple Flag Precious Metals by 2.0% in the 1st quarter. Parvin Asset Management LLC now owns 39,965 shares of the company’s stock valued at $1,387,000 after acquiring an additional 800 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new stake in Triple Flag Precious Metals during the first quarter valued at about $33,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a precious-metals streaming and royalty company headquartered in Toronto, Canada. Through streaming agreements, it provides mining companies with upfront financing in exchange for the right to purchase a portion of future metal production at predetermined prices. Its royalty interests entitle the company to receive a percentage of revenue or production from mining operations without directly operating the mines.

The company’s portfolio is primarily focused on gold and silver, with additional exposure to other metals, including copper and platinum-group metals.