Triple Flag Precious Metals (NYSE:TFPM) Price Target Cut to C$27.00

Triple Flag Precious Metals (NYSE:TFPM – Get Rating) had its price objective dropped by equities researchers at TD Securities from C$28.00 to C$27.00 in a report released on Thursday, The Fly reports.

A number of other analysts have also issued reports on the company. National Bank Financial increased their target price on Triple Flag Precious Metals from C$22.00 to C$25.00 in a report on Tuesday, April 18th. CIBC upgraded Triple Flag Precious Metals from a “neutral” rating to a “sector outperform” rating in a report on Friday, April 14th. Raymond James increased their target price on Triple Flag Precious Metals to C$23.00 in a report on Tuesday, April 18th. Royal Bank of Canada reduced their target price on Triple Flag Precious Metals from $21.50 to $16.00 and set an “outperform” rating for the company in a report on Thursday, March 2nd. Finally, Stifel Nicolaus assumed coverage on Triple Flag Precious Metals in a report on Monday, May 1st. They issued a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Triple Flag Precious Metals presently has an average rating of “Moderate Buy” and a consensus price target of $23.08.

Triple Flag Precious Metals Stock Performance

Shares of NYSE:TFPM opened at $13.74 on Thursday. Triple Flag Precious Metals has a one year low of $10.36 and a one year high of $17.33. The stock has a fifty day moving average of $15.39 and a 200-day moving average of $13.96. The company has a current ratio of 6.18, a quick ratio of 6.15 and a debt-to-equity ratio of 0.04.

Triple Flag Precious Metals (NYSE:TFPM – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $43.89 million for the quarter, compared to analyst estimates of $43.90 million. Research analysts forecast that Triple Flag Precious Metals will post 0.44 EPS for the current year.

Institutional Trading of Triple Flag Precious Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its position in shares of Triple Flag Precious Metals by 2.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 66,134 shares of the company’s stock valued at $988,000 after buying an additional 1,679 shares in the last quarter. Beddow Capital Management Inc. raised its holdings in Triple Flag Precious Metals by 10.2% in the 1st quarter. Beddow Capital Management Inc. now owns 23,150 shares of the company’s stock valued at $346,000 after acquiring an additional 2,150 shares during the period. Toronto Dominion Bank bought a new position in shares of Triple Flag Precious Metals during the fourth quarter worth approximately $36,000. The Manufacturers Life Insurance Company boosted its position in shares of Triple Flag Precious Metals by 1.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 243,174 shares of the company’s stock worth $3,346,000 after acquiring an additional 2,725 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Triple Flag Precious Metals during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Triple Flag Precious Metals Company Profile

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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.