Triple Flag Precious Metals (NYSE:TFPM) Price Target Raised to $22.00 at Jefferies Financial Group

Triple Flag Precious Metals (NYSE:TFPM) had its target price lifted by Jefferies Financial Group from $20.00 to $22.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Scotiabank increased their price target on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a sector outperform rating in a research report on Monday, August 19th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $20.50.

Triple Flag Precious Metals Stock Performance

Shares of NYSE:TFPM opened at $16.04 on Friday. The company’s 50 day moving average price is $16.06 and its two-hundred day moving average price is $15.90. Triple Flag Precious Metals has a 12-month low of $11.75 and a 12-month high of $18.08. The firm has a market cap of $3.23 billion, a PE ratio of 84.42, a PEG ratio of 1.12 and a beta of -0.14. The company has a quick ratio of 5.59, a current ratio of 5.80 and a debt-to-equity ratio of 0.01.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Wednesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%. The firm had revenue of $63.58 million for the quarter. Equities research analysts predict that Triple Flag Precious Metals will post 0.53 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.055 per share. The ex-dividend date was Friday, August 30th. This represents a $0.22 annualized dividend and a dividend yield of 1.37%. Triple Flag Precious Metals’s dividend payout ratio is 115.79%.

Institutional Trading of Triple Flag Precious Metals

Large investors have recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in Triple Flag Precious Metals by 0.9% in the first quarter. Van ECK Associates Corp now owns 3,557,484 shares of the company’s stock valued at $51,406,000 after buying an additional 30,758 shares in the last quarter. Cove Street Capital LLC boosted its position in Triple Flag Precious Metals by 15.4% in the first quarter. Cove Street Capital LLC now owns 541,255 shares of the company’s stock valued at $7,821,000 after buying an additional 72,249 shares in the last quarter. Tidal Investments LLC acquired a new stake in Triple Flag Precious Metals in the first quarter valued at approximately $6,145,000. Dimensional Fund Advisors LP boosted its position in Triple Flag Precious Metals by 37.0% in the second quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company’s stock valued at $5,602,000 after buying an additional 97,630 shares in the last quarter. Finally, Mountain Lake Investment Management LLC boosted its position in Triple Flag Precious Metals by 1.9% in the first quarter. Mountain Lake Investment Management LLC now owns 275,000 shares of the company’s stock valued at $3,974,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

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.