Brokers Issue Forecasts for Triple Flag Precious Metals Corp.’s Q3 2024 Earnings (NYSE:TFPM)

Triple Flag Precious Metals Corp. (NYSE:TFPM) – National Bank Financial boosted their Q3 2024 earnings per share (EPS) estimates for Triple Flag Precious Metals in a report released on Thursday, August 8th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.14 per share for the quarter, up from their previous forecast of $0.13. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.52 per share. National Bank Financial also issued estimates for Triple Flag Precious Metals’ Q4 2024 earnings at $0.16 EPS, FY2024 earnings at $0.55 EPS, FY2025 earnings at $0.70 EPS and FY2026 earnings at $0.57 EPS.

TFPM has been the subject of a number of other reports. Scotiabank dropped their target price on shares of Triple Flag Precious Metals from $20.50 to $20.00 and set a “sector outperform” rating for the company in a report on Thursday, July 18th. Bank of America boosted their target price on Triple Flag Precious Metals from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Jefferies Financial Group raised their price target on Triple Flag Precious Metals from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Royal Bank of Canada reiterated 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 report on Wednesday, May 29th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.08.

Triple Flag Precious Metals Stock Down 1.2 %

TFPM opened at $15.58 on Monday. The business has a 50 day simple moving average of $15.49 and a 200-day simple moving average of $14.96. Triple Flag Precious Metals has a 12 month low of $11.75 and a 12 month high of $18.08. The stock has a market capitalization of $3.14 billion, a P/E ratio of 82.00, a P/E/G ratio of 0.89 and a beta of -0.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.80 and a quick ratio of 5.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Triple Flag Precious Metals in the fourth quarter worth $14,035,000. Beutel Goodman & Co Ltd. raised its position in Triple Flag Precious Metals by 45.5% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,482,110 shares of the company’s stock valued at $33,205,000 after purchasing an additional 776,130 shares during the period. Cove Street Capital LLC acquired a new position in shares of Triple Flag Precious Metals during the fourth quarter worth about $6,242,000. Tidal Investments LLC acquired a new stake in shares of Triple Flag Precious Metals in the first quarter valued at about $6,145,000. Finally, Montrusco Bolton Investments Inc. raised its holdings in shares of Triple Flag Precious Metals by 59.5% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 874,961 shares of the company’s stock valued at $11,705,000 after buying an additional 326,357 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.055 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.41%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 110.53%.

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.