Raymond James Has Positive Outlook for TFPM FY2024 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Stock analysts at Raymond James raised their FY2024 EPS estimates for Triple Flag Precious Metals in a research report issued on Wednesday, January 15th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.55 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 stock a “buy” rating in a report on Friday, October 4th.

Triple Flag Precious Metals Stock Performance

NYSE:TFPM opened at $15.76 on Friday. Triple Flag Precious Metals has a 12-month low of $11.75 and a 12-month high of $18.88. The stock’s 50 day moving average price is $16.01 and its two-hundred day moving average price is $16.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.18.

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

Triple Flag Precious Metals Dividend Announcement

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

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of large investors have recently made changes to their positions in the company. FMR LLC grew its holdings in Triple Flag Precious Metals by 8.9% in 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 in the last quarter. Van ECK Associates Corp grew its stake in shares of Triple Flag Precious Metals by 2.1% in the third 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. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Triple Flag Precious Metals by 18.0% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock worth $25,838,000 after acquiring an additional 242,906 shares during the period. Montrusco Bolton Investments Inc. increased its position in Triple Flag Precious Metals by 9.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 697,000 shares of the company’s stock worth $11,299,000 after acquiring an additional 57,751 shares during the period. Finally, Tidal Investments LLC raised its stake in Triple Flag Precious Metals by 1.8% in the 3rd quarter. Tidal Investments LLC now owns 533,520 shares of the company’s stock worth $8,632,000 after purchasing an additional 9,184 shares in the last quarter. Institutional investors 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.