Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM – Get Free Report) have been given an average rating of “Buy” by the five research firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $15.25.
TFPM has been the subject of a number of research analyst reports. TheStreet upgraded Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research note on Wednesday, December 27th. Jefferies Financial Group assumed coverage on Triple Flag Precious Metals in a research note on Thursday, February 29th. They set a “buy” rating and a $14.00 price objective for the company. Finally, Bank of America lifted their price objective on Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a “buy” rating in a research note on Monday, March 18th.
View Our Latest Research Report on Triple Flag Precious Metals
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new stake in shares of Triple Flag Precious Metals in the 3rd quarter worth $33,000. JPMorgan Chase & Co. purchased a new position in shares of Triple Flag Precious Metals during the 4th quarter valued at about $48,000. Deutsche Bank AG purchased a new position in shares of Triple Flag Precious Metals during the 1st quarter valued at about $63,000. Royal Bank of Canada purchased a new position in shares of Triple Flag Precious Metals in the 3rd quarter valued at about $69,000. Finally, US Bancorp DE increased its stake in shares of Triple Flag Precious Metals by 1,146.4% in the 4th quarter. US Bancorp DE now owns 5,397 shares of the company’s stock valued at $72,000 after purchasing an additional 4,964 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.
Triple Flag Precious Metals Stock Up 2.1 %
Shares of TFPM traded up $0.29 on Monday, reaching $13.85. The stock had a trading volume of 95,282 shares, compared to its average volume of 145,465. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 71.37, a price-to-earnings-growth ratio of 2.57 and a beta of -0.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.21 and a current ratio of 3.29. The company has a 50-day simple moving average of $12.82 and a 200-day simple moving average of $12.98. Triple Flag Precious Metals has a 12-month low of $11.75 and a 12-month high of $17.33.
Triple Flag Precious Metals (NYSE:TFPM – Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $51.74 million during the quarter. Triple Flag Precious Metals had a return on equity of 3.64% and a net margin of 17.78%. Sell-side analysts predict that Triple Flag Precious Metals will post 0.4 EPS for the current year.
Triple Flag Precious Metals Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.052 per share. The ex-dividend date was Friday, March 1st. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.50%. Triple Flag Precious Metals’s dividend payout ratio is 110.53%.
Triple Flag Precious Metals Company Profile
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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