Raymond James Has Positive Outlook for TFPM FY2024 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Raymond James lifted their FY2024 earnings per share (EPS) estimates for shares of Triple Flag Precious Metals in a report released on Wednesday, January 15th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.55 per share for the year, up from their prior forecast 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.

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, beating the consensus estimate of $0.14 by $0.01. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. The company had revenue of $73.67 million for the quarter. During the same period in the prior year, the company earned $0.09 earnings per share.

Separately, Jefferies Financial Group raised their price objective 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 0.1 %

Shares of TFPM opened at $15.76 on Friday. The stock’s 50-day moving average price is $15.95 and its 200-day moving average price is $16.20. Triple Flag Precious Metals has a 52 week low of $11.75 and a 52 week high of $18.88. The company has a market capitalization 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.

Institutional Investors Weigh In On Triple Flag Precious Metals

A number of hedge funds have recently modified their holdings of the stock. American Century Companies Inc. purchased a new position in Triple Flag Precious Metals in the second quarter worth $2,389,000. Dimensional Fund Advisors LP raised its stake in shares of Triple Flag Precious Metals by 37.0% during the second 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 during the last quarter. Goehring & Rozencwajg Associates LLC raised its stake in Triple Flag Precious Metals by 9.9% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 100,771 shares of the company’s stock worth $1,563,000 after buying an additional 9,100 shares in the last quarter. 1832 Asset Management L.P. bought a new position in Triple Flag Precious Metals in the second quarter worth about $165,000. Finally, Magnetar Financial LLC purchased a new stake in Triple Flag Precious Metals in the second quarter worth about $228,000. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, November 29th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -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.