Equities Analysts Issue Forecasts for TFPM FY2024 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Analysts at Scotiabank boosted their FY2024 EPS estimates for shares of Triple Flag Precious Metals in a research report issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $0.54 per share for the year, up from their prior forecast of $0.53. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.56 per share. Scotiabank also issued estimates for Triple Flag Precious Metals’ FY2025 earnings at $0.70 EPS and FY2026 earnings at $0.75 EPS.

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

Triple Flag Precious Metals Stock Up 0.7 %

TFPM opened at $15.48 on Friday. Triple Flag Precious Metals has a 52 week low of $11.75 and a 52 week high of $18.88. The business has a 50 day moving average price of $16.11 and a two-hundred day moving average price of $16.19. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.12 billion, a PE ratio of -59.54, a P/E/G ratio of 0.86 and a beta of -0.09.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 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 quarter in the prior year, the firm posted $0.09 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. 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 worth $65,761,000 after purchasing an additional 333,574 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings 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 buying an additional 242,906 shares in the last quarter. Bank of Montreal Can grew its position in Triple Flag Precious Metals by 151.1% during the third quarter. Bank of Montreal Can now owns 367,936 shares of the company’s stock worth $6,042,000 after buying an additional 221,389 shares during the period. American Century Companies Inc. purchased a new position in Triple Flag Precious Metals in the second quarter valued at about $2,389,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Triple Flag Precious Metals during the 2nd quarter valued at approximately $1,705,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, November 29th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is -84.62%.

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.