Triple Flag Precious Metals (NYSE:TFPM – Free Report) had its price objective lifted by Bank of America from $16.25 to $16.50 in a research report sent to investors on Monday, Benzinga reports. They currently have a buy rating on the stock.
Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group assumed coverage on shares of Triple Flag Precious Metals in a research note on Thursday, February 29th. They issued a buy rating and a $14.00 target price for the company. TheStreet upgraded Triple Flag Precious Metals from a d+ rating to a c- rating in a report on Wednesday, December 27th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of Buy and an average price target of $21.67.
Check Out Our Latest Analysis on TFPM
Triple Flag Precious Metals Trading Up 1.2 %
TFPM stock opened at $13.60 on Monday. Triple Flag Precious Metals has a 1-year low of $11.75 and a 1-year high of $17.33. The company has a current ratio of 3.29, a quick ratio of 3.21 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $12.73 and its 200-day moving average is $12.97. The firm has a market cap of $2.73 billion, a P/E ratio of 71.58, a P/E/G ratio of 2.56 and a beta of -0.05.
Triple Flag Precious Metals (NYSE:TFPM – Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Triple Flag Precious Metals had a return on equity of 3.64% and a net margin of 17.78%. The company had revenue of $51.74 million during the quarter. Equities analysts anticipate that Triple Flag Precious Metals will post 0.4 earnings per share for the current fiscal year.
Triple Flag Precious Metals Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given 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 yield of 1.53%. Triple Flag Precious Metals’s payout ratio is presently 110.53%.
Institutional Investors Weigh In On Triple Flag Precious Metals
Institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its holdings in Triple Flag Precious Metals by 400.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 108,258 shares of the company’s stock worth $1,441,000 after acquiring an additional 86,607 shares during the period. Legal & General Group Plc grew its position in shares of Triple Flag Precious Metals by 4.5% during the 4th quarter. Legal & General Group Plc now owns 48,419 shares of the company’s stock worth $648,000 after buying an additional 2,100 shares during the period. Barclays PLC increased its stake in shares of Triple Flag Precious Metals by 8.8% in the 4th quarter. Barclays PLC now owns 133,883 shares of the company’s stock valued at $1,782,000 after acquiring an additional 10,880 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Triple Flag Precious Metals in the 4th quarter valued at approximately $550,000. Finally, Goehring & Rozencwajg Associates LLC boosted its stake in Triple Flag Precious Metals by 3.0% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 85,671 shares of the company’s stock worth $1,141,000 after acquiring an additional 2,470 shares during the last quarter. Institutional investors and hedge funds own 80.91% of the company’s stock.
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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