Triple Flag Precious Metals (NYSE:TFPM) Raised to “Hold” at Zacks Research

Triple Flag Precious Metals (NYSE:TFPM) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other analysts have also recently commented on the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, February 4th. Scotiabank raised their price objective on Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.25.

Triple Flag Precious Metals Stock Up 2.9%

Shares of NYSE:TFPM opened at $37.41 on Tuesday. The firm has a 50 day simple moving average of $35.18 and a 200 day simple moving average of $30.82. Triple Flag Precious Metals has a 52 week low of $16.26 and a 52 week high of $40.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market cap of $7.73 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 1.05 and a beta of -0.21.

Institutional Investors Weigh In On Triple Flag Precious Metals

Large investors have recently made changes to their positions in the company. Bessemer Group Inc. acquired a new position in Triple Flag Precious Metals in the third quarter worth approximately $27,000. Quarry LP bought a new stake in Triple Flag Precious Metals in the third quarter worth approximately $33,000. Aventura Private Wealth LLC acquired a new position in shares of Triple Flag Precious Metals during the 4th quarter worth $38,000. EverSource Wealth Advisors LLC raised its holdings in shares of Triple Flag Precious Metals by 120.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock valued at $40,000 after purchasing an additional 664 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Triple Flag Precious Metals by 100.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock valued at $41,000 after purchasing an additional 706 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

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.