Research Analysts Issue Forecasts for Triple Flag Precious Metals Corp.’s Q3 2024 Earnings (NYSE:TFPM)

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Stock analysts at Raymond James increased their Q3 2024 EPS estimates for Triple Flag Precious Metals in a research report issued on Monday, September 23rd. Raymond James analyst B. Macarthur now expects that the company will earn $0.15 per share for the quarter, up from their previous estimate of $0.13. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.52 per share. Raymond James also issued estimates for Triple Flag Precious Metals’ Q4 2024 earnings at $0.15 EPS, FY2024 earnings at $0.55 EPS, Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.67 EPS.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $63.58 million during the quarter. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%.

Other research analysts have also issued reports about the company. Scotiabank upped their target price on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group boosted their price target on Triple Flag Precious Metals from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

Triple Flag Precious Metals Stock Performance

Shares of TFPM stock opened at $16.46 on Thursday. The company has a current ratio of 5.80, a quick ratio of 5.59 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.32 billion, a PE ratio of 86.64, a PEG ratio of 1.02 and a beta of -0.13. Triple Flag Precious Metals has a 12-month low of $11.75 and a 12-month high of $18.08. The business’s fifty day simple moving average is $15.99 and its 200-day simple moving average is $15.78.

Institutional Investors Weigh In On Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. increased its holdings in Triple Flag Precious Metals by 112.7% in the 1st quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after buying an additional 4,029 shares during the period. Versor Investments LP purchased a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at $160,000. 1832 Asset Management L.P. acquired a new stake in shares of Triple Flag Precious Metals in the second quarter worth $165,000. CIBC Asset Management Inc acquired a new stake in shares of Triple Flag Precious Metals in the second quarter worth $179,000. Finally, Magnetar Financial LLC purchased a new position in shares of Triple Flag Precious Metals during the second quarter worth $228,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.055 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.22 dividend on an annualized basis and a yield of 1.34%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 115.80%.

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.