Triple Flag Precious Metals Corp. (NYSE:TFPM) Forecasted to Earn Q3 2024 Earnings of $0.15 Per Share

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Equities researchers at Raymond James raised their Q3 2024 EPS estimates for shares of Triple Flag Precious Metals in a research report issued on Monday, September 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.15 for the quarter, up from their prior forecast 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 released its quarterly earnings results on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. The company had revenue of $63.58 million during the quarter.

A number of other analysts also recently issued reports on the company. Jefferies Financial Group raised their price target on Triple Flag Precious Metals from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. 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 note on Monday, August 19th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Triple Flag Precious Metals Price Performance

NYSE:TFPM opened at $16.46 on Thursday. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 86.64, a PEG ratio of 1.02 and a beta of -0.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.80 and a quick ratio of 5.59. The business has a 50 day simple moving average of $15.99 and a 200-day simple moving average of $15.78. Triple Flag Precious Metals has a 1 year low of $11.75 and a 1 year high of $18.08.

Institutional Trading of Triple Flag Precious Metals

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. increased its holdings in Triple Flag Precious Metals by 112.7% during the 1st quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after purchasing an additional 4,029 shares during the period. Versor Investments LP purchased a new position in shares of Triple Flag Precious Metals during the second quarter valued at $160,000. 1832 Asset Management L.P. purchased a new position in shares of Triple Flag Precious Metals during the second quarter valued at $165,000. CIBC Asset Management Inc bought a new stake in shares of Triple Flag Precious Metals in the second quarter valued at about $179,000. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.055 per share. 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 payout ratio 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.