Triple Flag Precious Metals (NYSE:TFPM) PT Raised to $20.50 at Scotiabank

Triple Flag Precious Metals (NYSE:TFPM) had its target price hoisted by research analysts at Scotiabank from $19.00 to $20.50 in a report issued on Thursday, Marketbeat reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 15.75% from the stock’s current price.

A number of other analysts have also commented on TFPM. Bank of America lifted their price target 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. Jefferies Financial Group lifted their price target on Triple Flag Precious Metals from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, Triple Flag Precious Metals has an average rating of “Buy” and an average price target of $21.58.

Triple Flag Precious Metals Stock Up 3.4 %

Shares of NYSE TFPM opened at $17.71 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.40 and a current ratio of 4.40. Triple Flag Precious Metals has a 52 week low of $11.75 and a 52 week high of $17.85. The stock has a market capitalization of $3.56 billion, a P/E ratio of 93.22, a PEG ratio of 0.79 and a beta of -0.12. The stock’s fifty day moving average is $15.70 and its 200 day moving average is $13.89.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $57.53 million for the quarter. Triple Flag Precious Metals had a return on equity of 4.17% and a net margin of 17.59%. Sell-side analysts forecast that Triple Flag Precious Metals will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of Triple Flag Precious Metals

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its stake in Triple Flag Precious Metals by 0.7% in the 3rd quarter. Barclays PLC now owns 123,003 shares of the company’s stock worth $1,608,000 after acquiring an additional 907 shares during the last quarter. Meixler Investment Management Ltd. boosted 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 worth $194,000 after purchasing an additional 1,125 shares in the last quarter. Goehring & Rozencwajg Associates LLC boosted 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 purchasing an additional 2,470 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Triple Flag Precious Metals by 24.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,187 shares of the company’s stock worth $198,000 after purchasing an additional 3,026 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Triple Flag Precious Metals by 112.7% in the 1st quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after purchasing an additional 4,029 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

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.