Jefferies Financial Group Boosts Triple Flag Precious Metals (NYSE:TFPM) Price Target to $20.00

Triple Flag Precious Metals (NYSE:TFPM) had its price target hoisted by investment analysts at Jefferies Financial Group from $19.00 to $20.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 22.55% from the company’s current price.

Several other research firms also recently weighed in on TFPM. Scotiabank lifted their target price on shares of Triple Flag Precious Metals from $19.00 to $20.50 and gave the company a “sector outperform” rating in a report on Thursday, May 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $19.00 price objective (up from $15.00) on shares of Triple Flag Precious Metals in a research note on Wednesday, May 29th. Finally, Bank of America increased their target price on Triple Flag Precious Metals from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.17.

Triple Flag Precious Metals Trading Up 1.7 %

Shares of Triple Flag Precious Metals stock traded up $0.27 during trading hours on Friday, hitting $16.32. The company’s stock had a trading volume of 54,885 shares, compared to its average volume of 200,428. The firm has a fifty day moving average of $16.10 and a 200-day moving average of $14.51. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.40 and a current ratio of 4.40. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 85.89, a P/E/G ratio of 0.95 and a beta of -0.14. Triple Flag Precious Metals has a twelve month low of $11.75 and a twelve month high of $18.08.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Tuesday, May 7th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Triple Flag Precious Metals had a net margin of 17.59% and a return on equity of 4.17%. The company had revenue of $57.53 million for the quarter. Research analysts forecast that Triple Flag Precious Metals will post 0.49 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. grew its position in shares of Triple Flag Precious Metals by 112.7% during the first quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after buying an additional 4,029 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Triple Flag Precious Metals by 51.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,125 shares of the company’s stock worth $175,000 after acquiring an additional 4,475 shares in the last quarter. Meixler Investment Management Ltd. increased its position 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 valued at $194,000 after purchasing an additional 1,125 shares during the last quarter. LB Partners LLC acquired a new stake in shares of Triple Flag Precious Metals in the 4th quarter valued at $198,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Triple Flag Precious Metals during the 4th quarter worth $209,000. 82.91% of the stock is currently owned by hedge funds and other 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.