Brokerages Set Triple Flag Precious Metals Corp. (NYSE:TFPM) PT at $22.00

Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) have received an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $22.00.

TFPM has been the subject of several recent analyst reports. Raymond James restated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Friday, April 4th. Jefferies Financial Group lifted their price objective on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. National Bank Financial raised shares of Triple Flag Precious Metals to a “strong-buy” rating in a research report on Wednesday, April 23rd. Scotiabank reaffirmed a “sector perform” rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd.

Triple Flag Precious Metals Stock Performance

TFPM opened at $20.22 on Friday. The company has a market cap of $4.06 billion, a PE ratio of -183.82, a price-to-earnings-growth ratio of 0.78 and a beta of -0.25. Triple Flag Precious Metals has a 1 year low of $13.94 and a 1 year high of $22.96. The firm has a 50 day moving average price of $19.26 and a 200 day moving average price of $17.40.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $74.21 million during the quarter, compared to the consensus estimate of $74.10 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. On average, sell-side analysts predict that Triple Flag Precious Metals will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Monday, March 3rd. Triple Flag Precious Metals’s payout ratio is -200.00%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its position in shares of Triple Flag Precious Metals by 21.5% during the third quarter. Barclays PLC now owns 142,444 shares of the company’s stock worth $2,304,000 after acquiring an additional 25,220 shares during the last quarter. Geode Capital Management LLC grew its position in Triple Flag Precious Metals by 148.3% in the 3rd quarter. Geode Capital Management LLC now owns 64,744 shares of the company’s stock worth $1,235,000 after purchasing an additional 38,673 shares during the last quarter. Virtu Financial LLC grew its position in Triple Flag Precious Metals by 6.0% in the 3rd quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock worth $244,000 after purchasing an additional 857 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Triple Flag Precious Metals by 1.8% in the third quarter. Tidal Investments LLC now owns 533,520 shares of the company’s stock valued at $8,632,000 after purchasing an additional 9,184 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Triple Flag Precious Metals by 24.9% during the third quarter. JPMorgan Chase & Co. now owns 69,094 shares of the company’s stock valued at $1,118,000 after buying an additional 13,790 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Company Profile

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.