Triple Flag Precious Metals (NYSE:TFPM) Price Target Raised to $26.00 at Jefferies Financial Group

Triple Flag Precious Metals (NYSE:TFPM) had its target price lifted by Jefferies Financial Group from $24.00 to $26.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on TFPM. Raymond James restated an “outperform” rating on shares of Triple Flag Precious Metals in a report on Friday, April 4th. Scotiabank restated a “sector perform” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.00.

Triple Flag Precious Metals Trading Down 0.7 %

NYSE TFPM opened at $22.10 on Tuesday. Triple Flag Precious Metals has a twelve month low of $13.94 and a twelve month high of $22.96. The stock has a market cap of $4.44 billion, a PE ratio of -200.86, a P/E/G ratio of 0.78 and a beta of -0.25. The stock has a fifty day simple moving average of $18.89 and a 200-day simple moving average of $17.23.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $74.21 million for the quarter, compared to analyst estimates 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%. Research analysts predict that Triple Flag Precious Metals will post 0.71 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.055 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.22 annualized dividend and a yield of 1.00%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently -200.00%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC boosted its position in Triple Flag Precious Metals by 6.0% during the third quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock worth $244,000 after acquiring an additional 857 shares during the last quarter. Principal Street Partners LLC raised its stake in shares of Triple Flag Precious Metals by 4.2% during the fourth quarter. Principal Street Partners LLC now owns 24,755 shares of the company’s stock valued at $372,000 after purchasing an additional 1,001 shares during the period. Mackenzie Financial Corp lifted its position in shares of Triple Flag Precious Metals by 3.5% during the fourth quarter. Mackenzie Financial Corp now owns 32,577 shares of the company’s stock worth $489,000 after purchasing an additional 1,101 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Triple Flag Precious Metals by 175.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company’s stock valued at $29,000 after acquiring an additional 1,208 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of Triple Flag Precious Metals by 9.1% during the 4th quarter. XTX Topco Ltd now owns 14,852 shares of the company’s stock valued at $223,000 after buying an additional 1,238 shares during 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.