Q2 2024 EPS Estimates for Triple Flag Precious Metals Corp. (NYSE:TFPM) Lifted by Raymond James

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Raymond James increased their Q2 2024 earnings per share estimates for Triple Flag Precious Metals in a research note issued to investors on Monday, April 22nd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.13 for the quarter, up from their prior forecast of $0.10. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.43 per share. Raymond James also issued estimates for Triple Flag Precious Metals’ Q3 2024 earnings at $0.15 EPS, Q4 2024 earnings at $0.15 EPS and FY2024 earnings at $0.55 EPS.

Other equities research analysts also recently issued research reports about the company. Bank of America raised their price objective on Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a “buy” rating in a research report on Monday, March 18th. Jefferies Financial Group raised their price objective on Triple Flag Precious Metals from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Monday. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $21.80.

Triple Flag Precious Metals Price Performance

Shares of TFPM stock opened at $16.20 on Thursday. Triple Flag Precious Metals has a 1-year low of $11.75 and a 1-year high of $17.33. The stock’s 50-day moving average is $14.09 and its 200 day moving average is $13.35. The company has a market cap of $3.26 billion and a P/E ratio of 85.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.29 and a quick ratio of 3.21.

Triple Flag Precious Metals (NYSE:TFPM) last issued 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.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a $0.052 dividend. This represents a $0.21 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, March 1st. Triple Flag Precious Metals’s dividend payout ratio is presently 110.53%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several institutional investors have recently added to or reduced their stakes in TFPM. Sunbelt Securities Inc. boosted its holdings in Triple Flag Precious Metals by 112.7% in the first quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after acquiring an additional 4,029 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new stake in Triple Flag Precious Metals in the third quarter worth about $134,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Triple Flag Precious Metals by 51.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,125 shares of the company’s stock worth $175,000 after purchasing an additional 4,475 shares during the last quarter. Meixler Investment Management Ltd. raised its stake in shares of Triple Flag Precious Metals by 10.6% in the third quarter. Meixler Investment Management Ltd. now owns 13,450 shares of the company’s stock worth $176,000 after purchasing an additional 1,287 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in shares of Triple Flag Precious Metals by 24.9% in the third quarter. Orion Portfolio Solutions LLC now owns 15,187 shares of the company’s stock worth $198,000 after purchasing an additional 3,026 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

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.