Raymond James Has Strong Estimate for TFPM FY2024 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Equities researchers at Raymond James upped their FY2024 EPS estimates for Triple Flag Precious Metals in a report issued on Wednesday, November 6th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.54 for the year, up from their prior estimate of $0.53. 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’ Q2 2025 earnings at $0.16 EPS.

A number of other brokerages have also issued reports on TFPM. Scotiabank raised their target price 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. Jefferies Financial Group lifted their price target on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Triple Flag Precious Metals Stock Up 1.6 %

Shares of NYSE TFPM opened at $17.42 on Friday. Triple Flag Precious Metals has a 1 year low of $11.75 and a 1 year high of $18.88. The firm’s 50 day moving average price is $16.76 and its 200 day moving average price is $16.24. The firm has a market cap of $3.51 billion, a P/E ratio of -67.00, a price-to-earnings-growth ratio of 1.13 and a beta of -0.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.59 and a current ratio of 5.80.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 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 $73.67 million for the quarter. During the same quarter last year, the business posted $0.09 EPS.

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.26%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -84.62%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp lifted its holdings 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 acquiring an additional 71,894 shares in the last quarter. Cove Street Capital LLC lifted its holdings in shares of Triple Flag Precious Metals by 15.4% during the 1st quarter. Cove Street Capital LLC now owns 541,255 shares of the company’s stock valued at $7,821,000 after acquiring an additional 72,249 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Triple Flag Precious Metals during the 1st quarter valued at $6,145,000. Dimensional Fund Advisors LP lifted its holdings in shares of Triple Flag Precious Metals by 37.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company’s stock valued at $5,602,000 after acquiring an additional 97,630 shares in the last quarter. Finally, Mountain Lake Investment Management LLC lifted its holdings in shares of Triple Flag Precious Metals by 1.9% during the 1st quarter. Mountain Lake Investment Management LLC now owns 275,000 shares of the company’s stock valued at $3,974,000 after acquiring 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.