Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM – Get Free Report) have earned an average rating of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $19.38.
Several research firms have recently weighed in on TFPM. Royal Bank of Canada reiterated a “sector perform” rating and set a $19.00 target price (up from $15.00) on shares of Triple Flag Precious Metals in a research report on Wednesday. Jefferies Financial Group upped their target price on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Bank of America increased their price objective on Triple Flag Precious Metals from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Scotiabank upped their target price on Triple Flag Precious Metals from $19.00 to $20.50 and gave the stock a “sector outperform” rating in a report on Thursday, May 23rd.
Read Our Latest Research Report on Triple Flag Precious Metals
Triple Flag Precious Metals Trading Up 1.3 %
TFPM stock opened at $16.51 on Wednesday. Triple Flag Precious Metals has a twelve month low of $11.75 and a twelve month high of $18.08. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 86.89, a price-to-earnings-growth ratio of 1.07 and a beta of -0.12. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $16.04 and its two-hundred day simple moving average is $14.06.
Triple Flag Precious Metals (NYSE:TFPM – Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Triple Flag Precious Metals had a return on equity of 4.17% and a net margin of 17.59%. The business had revenue of $57.53 million during the quarter. As a group, analysts anticipate that Triple Flag Precious Metals will post 0.47 earnings per share for the current year.
Triple Flag Precious Metals Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.052 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.26%. Triple Flag Precious Metals’s dividend payout ratio is currently 110.53%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Ninety One UK Ltd boosted its stake in Triple Flag Precious Metals by 11.4% during the fourth quarter. Ninety One UK Ltd now owns 1,673,299 shares of the company’s stock worth $22,385,000 after buying an additional 171,131 shares during the last quarter. Sprott Inc. increased its position in Triple Flag Precious Metals by 3.6% during the third quarter. Sprott Inc. now owns 3,296,455 shares of the company’s stock worth $46,355,000 after purchasing an additional 113,767 shares during the last quarter. Euro Pacific Asset Management LLC raised its stake in Triple Flag Precious Metals by 2.4% during the fourth quarter. Euro Pacific Asset Management LLC now owns 419,635 shares of the company’s stock worth $5,586,000 after purchasing an additional 10,000 shares during the period. Van ECK Associates Corp boosted its holdings in Triple Flag Precious Metals by 5.8% in the 4th quarter. Van ECK Associates Corp now owns 3,526,726 shares of the company’s stock valued at $46,941,000 after purchasing an additional 194,276 shares during the last quarter. Finally, Meixler Investment Management Ltd. increased its holdings in shares of Triple Flag Precious Metals by 8.4% during the 4th quarter. Meixler Investment Management Ltd. now owns 14,575 shares of the company’s stock worth $194,000 after buying an additional 1,125 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.
About Triple Flag Precious Metals
Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d’Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.
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