Triple Flag Precious Metals (NYSE:TFPM) PT Raised to $18.00

Triple Flag Precious Metals (NYSE:TFPM) had its target price raised by Jefferies Financial Group from $14.00 to $18.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 14.36% from the stock’s current price.

A number of other brokerages have also recently issued reports on TFPM. Bank of America boosted their target price on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a “buy” rating in a report on Monday, March 18th. TheStreet upgraded shares of Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research report on Wednesday, December 27th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Triple Flag Precious Metals currently has an average rating of “Buy” and a consensus target price of $21.80.

Triple Flag Precious Metals Price Performance

TFPM opened at $15.74 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 debt-to-equity ratio of 0.03, a current ratio of 3.29 and a quick ratio of 3.21. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 82.85, a P/E/G ratio of 2.37 and a beta of -0.01. The firm’s fifty day moving average price is $13.94 and its two-hundred day moving average price is $13.31.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Wednesday, February 21st. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $51.74 million for the quarter. Triple Flag Precious Metals had a return on equity of 3.64% and a net margin of 17.78%. As a group, analysts anticipate that Triple Flag Precious Metals will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of Triple Flag Precious Metals

A number of institutional investors have recently made changes to their positions in TFPM. Merrion Investment Management Co LLC lifted its holdings in Triple Flag Precious Metals by 254.7% in the 3rd quarter. Merrion Investment Management Co LLC now owns 75,200 shares of the company’s stock worth $983,000 after buying an additional 54,000 shares during the period. Commonwealth Equity Services LLC raised its holdings in Triple Flag Precious Metals by 81.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 122,590 shares of the company’s stock worth $1,602,000 after purchasing an additional 55,206 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Triple Flag Precious Metals by 2.7% during the third quarter. Mackenzie Financial Corp now owns 75,402 shares of the company’s stock valued at $962,000 after buying an additional 1,961 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Triple Flag Precious Metals by 2.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,594,649 shares of the company’s stock worth $20,983,000 after buying an additional 33,192 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in Triple Flag Precious Metals by 5.3% during the 3rd quarter. TD Asset Management Inc now owns 412,636 shares of the company’s stock valued at $5,430,000 after acquiring an additional 20,841 shares in the last quarter. Hedge funds and other institutional investors own 82.91% 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.