Triple Flag Precious Metals Corp. (NYSE:TFPM) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $32.25.

A number of research analysts have recently weighed in on the stock. Zacks Research raised shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Wednesday, January 21st. Wall Street Zen raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Saturday. BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, February 4th.

Institutional Trading of Triple Flag Precious Metals

Institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. bought a new position in shares of Triple Flag Precious Metals in the third quarter valued at approximately $27,000. Quarry LP bought a new position in Triple Flag Precious Metals in the 3rd quarter valued at $33,000. Aventura Private Wealth LLC bought a new position in Triple Flag Precious Metals in the 4th quarter valued at $38,000. EverSource Wealth Advisors LLC grew its position 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. increased its holdings in shares of Triple Flag Precious Metals by 100.6% in the third quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock worth $41,000 after purchasing an additional 706 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Price Performance

Shares of NYSE:TFPM opened at $38.68 on Thursday. Triple Flag Precious Metals has a 1 year low of $16.40 and a 1 year high of $40.29. The company has a market capitalization of $7.99 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 1.01 and a beta of -0.21. The business has a fifty day moving average price of $35.64 and a two-hundred day moving average price of $31.57.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%. The company had revenue of $118.92 million for the quarter, compared to the consensus estimate of $114.92 million. Sell-side analysts anticipate that Triple Flag Precious Metals will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.0575 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, March 2nd. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 19.49%.

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.