Raymond James Has Positive Outlook of TFPM FY2024 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Equities research analysts at Raymond James raised their FY2024 earnings estimates for shares of Triple Flag Precious Metals in a research note issued on Wednesday, January 15th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.55 per share for the year, up from their previous estimate of $0.54. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.55 per share. Raymond James also issued estimates for Triple Flag Precious Metals’ Q1 2025 earnings at $0.17 EPS and Q2 2025 earnings at $0.17 EPS.

Separately, Jefferies Financial Group boosted their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, October 4th.

Triple Flag Precious Metals Stock Up 0.1 %

Shares of NYSE TFPM opened at $15.76 on Friday. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of -60.61, a PEG ratio of 0.66 and a beta of -0.09. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. Triple Flag Precious Metals has a 52-week low of $11.75 and a 52-week high of $18.88. The business’s 50 day moving average is $15.95 and its two-hundred day moving average is $16.20.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $73.67 million for the quarter. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. During the same period last year, the company earned $0.09 earnings per share.

Institutional Trading of Triple Flag Precious Metals

Several hedge funds and other institutional investors have recently bought and sold shares of TFPM. FMR LLC grew its stake in shares of Triple Flag Precious Metals by 8.9% during the 3rd quarter. FMR LLC now owns 4,061,121 shares of the company’s stock valued at $65,761,000 after buying an additional 333,574 shares during the period. Van ECK Associates Corp grew its stake in shares of Triple Flag Precious Metals by 2.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company’s stock valued at $56,588,000 after buying an additional 71,894 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Triple Flag Precious Metals by 18.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock valued at $25,838,000 after buying an additional 242,906 shares during the period. Montrusco Bolton Investments Inc. grew its stake in shares of Triple Flag Precious Metals by 9.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 697,000 shares of the company’s stock valued at $11,299,000 after buying an additional 57,751 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of Triple Flag Precious Metals by 1.8% during the 3rd quarter. Tidal Investments LLC now owns 533,520 shares of the company’s stock valued at $8,632,000 after buying an additional 9,184 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.055 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.22 annualized dividend and a yield of 1.40%. Triple Flag Precious Metals’s payout ratio is currently -84.62%.

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.