Triple Flag Precious Metals Corp. Forecasted to Post FY2024 Earnings of $0.33 Per Share (NYSE:TFPM)

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Investment analysts at National Bank Financial cut their FY2024 earnings per share estimates for shares of Triple Flag Precious Metals in a report issued on Thursday, April 18th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.33 per share for the year, down from their prior estimate of $0.35. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.43 per share. National Bank Financial also issued estimates for Triple Flag Precious Metals’ FY2025 earnings at $0.40 EPS.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Triple Flag Precious Metals had a return on equity of 3.64% and a net margin of 17.78%. The company had revenue of $51.74 million for the quarter.

A number of other brokerages have also weighed in on TFPM. Bank of America lifted their price objective on Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a “buy” rating in a report on Monday, March 18th. TheStreet raised Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research note on Wednesday, December 27th. Finally, Jefferies Financial Group started coverage on Triple Flag Precious Metals in a research note on Thursday, February 29th. They set a “buy” rating and a $14.00 price target on the stock. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $21.00.

Triple Flag Precious Metals Price Performance

Shares of TFPM opened at $15.58 on Monday. Triple Flag Precious Metals has a twelve month low of $11.75 and a twelve month high of $17.33. The stock’s 50 day moving average is $13.82 and its two-hundred day moving average is $13.28. The firm has a market capitalization of $3.13 billion and a PE ratio of 82.00. The company has a current ratio of 3.29, a quick ratio of 3.21 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Barclays PLC raised its position in shares of Triple Flag Precious Metals by 0.7% during the 3rd quarter. Barclays PLC now owns 123,003 shares of the company’s stock worth $1,608,000 after purchasing an additional 907 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Triple Flag Precious Metals by 6.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,187 shares of the company’s stock worth $207,000 after purchasing an additional 1,000 shares during the last quarter. Meixler Investment Management Ltd. raised its position in shares of Triple Flag Precious Metals by 8.4% during the 4th quarter. Meixler Investment Management Ltd. now owns 14,575 shares of the company’s stock worth $194,000 after purchasing an additional 1,125 shares during the last quarter. Geode Capital Management LLC raised its holdings in Triple Flag Precious Metals by 6.1% in the 2nd quarter. Geode Capital Management LLC now owns 20,512 shares of the company’s stock valued at $282,000 after acquiring an additional 1,171 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Triple Flag Precious Metals by 1.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 67,384 shares of the company’s stock valued at $929,000 after acquiring an additional 1,250 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.052 per share. This represents a $0.21 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Friday, March 1st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 110.53%.

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.