Triple Flag Precious Metals Corp. (NYSE:TFPM) Receives $15.25 Consensus Target Price from Analysts

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPMGet Free Report) have been assigned an average recommendation of “Buy” from the five analysts that are currently covering the stock, MarketBeat reports. Five equities 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.

Several brokerages recently commented on TFPM. TheStreet raised shares of Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research report on Wednesday, December 27th. Jefferies Financial Group began coverage on shares of Triple Flag Precious Metals in a research report on Thursday, February 29th. They set a “buy” rating and a $14.00 price target for the company. Finally, Bank of America boosted their price objective on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a “buy” rating in a research note on Monday, March 18th.

Get Our Latest Report on TFPM

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake 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 valued at $1,441,000 after acquiring an additional 86,607 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Triple Flag Precious Metals by 4.5% during the fourth quarter. Legal & General Group Plc now owns 48,419 shares of the company’s stock worth $648,000 after purchasing an additional 2,100 shares during the period. Barclays PLC increased its holdings 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 worth $1,782,000 after acquiring an additional 10,880 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Triple Flag Precious Metals in the 4th quarter worth about $550,000. Finally, Goehring & Rozencwajg Associates LLC increased its holdings in shares of Triple Flag Precious Metals by 3.0% in 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 period. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Stock Up 3.4 %

TFPM stock opened at $14.34 on Monday. 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 company has a market cap of $2.88 billion, a P/E ratio of 75.48, a P/E/G ratio of 2.62 and a beta of -0.05. The company’s 50-day moving average price is $12.91 and its 200 day moving average price is $13.00. Triple Flag Precious Metals has a 52 week low of $11.75 and a 52 week high of $17.33.

Triple Flag Precious Metals (NYSE:TFPMGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $51.74 million during the quarter. Triple Flag Precious Metals had a net margin of 17.78% and a return on equity of 3.64%. On average, research analysts expect that Triple Flag Precious Metals will post 0.4 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.052 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.21 annualized dividend and a dividend yield of 1.45%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 110.53%.

Triple Flag Precious Metals Company Profile

(Get Free Report

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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Analyst Recommendations for Triple Flag Precious Metals (NYSE:TFPM)

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