Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM – Get Free Report) have been assigned an average rating of “Buy” from the four research firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $16.00.
A number of analysts recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Triple Flag Precious Metals in a research note on Thursday. They issued a “buy” rating and a $14.00 target price on the stock. TheStreet raised Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a report on Wednesday, December 27th.
Check Out Our Latest Report on TFPM
Triple Flag Precious Metals Trading Up 0.7 %
Shares of TFPM opened at $12.31 on Thursday. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 64.79, a P/E/G ratio of 2.37 and a beta of -0.04. The company has a quick ratio of 3.21, a current ratio of 3.29 and a debt-to-equity ratio of 0.03. Triple Flag Precious Metals has a 12-month low of $11.75 and a 12-month high of $17.33. The stock’s 50-day moving average price is $12.71 and its 200 day moving average price is $13.00.
Triple Flag Precious Metals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Monday, March 4th will be given a $0.052 dividend. The ex-dividend date is Friday, March 1st. This represents a $0.21 annualized dividend and a dividend yield of 1.69%. Triple Flag Precious Metals’s dividend payout ratio is presently 110.53%.
Institutional Trading of Triple Flag Precious Metals
A number of institutional investors have recently modified their holdings of TFPM. Barclays PLC grew its holdings in shares of Triple Flag Precious Metals by 0.7% in the 3rd quarter. Barclays PLC now owns 123,003 shares of the company’s stock valued at $1,608,000 after acquiring an additional 907 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Triple Flag Precious Metals by 6.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,187 shares of the company’s stock worth $207,000 after purchasing an additional 1,000 shares during the last quarter. Meixler Investment Management Ltd. raised its holdings in shares of Triple Flag Precious Metals by 8.4% in the 4th quarter. Meixler Investment Management Ltd. now owns 14,575 shares of the company’s stock valued at $194,000 after purchasing an additional 1,125 shares during the period. Geode Capital Management LLC increased its holdings in shares of Triple Flag Precious Metals by 6.1% during the 2nd quarter. Geode Capital Management LLC now owns 20,512 shares of the company’s stock worth $282,000 after acquiring an additional 1,171 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Triple Flag Precious Metals by 1.9% during the second quarter. Commonwealth Equity Services LLC now owns 67,384 shares of the company’s stock worth $929,000 after purchasing an additional 1,250 shares during the period. 80.91% of the stock is currently owned by institutional investors.
Triple Flag Precious Metals Company Profile
Triple Flag Precious Metals Corp., a gold-focused streaming and royalty company, engages in acquiring and managing precious metals and other streams and royalties in Australia, Canada, Colombia, Mongolia, Peru, South Africa, and the United States. The company has a portfolio of streams and royalties providing exposure primarily to gold and silver.
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