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

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Equities researchers at Raymond James raised their Q2 2024 earnings estimates for shares of Triple Flag Precious Metals in a note issued to investors on Monday, April 22nd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.13 per share for the quarter, up from their prior estimate 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.

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

Several other equities research analysts also recently commented on TFPM. Bank of America upped their price objective on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a “buy” rating in a report on Monday, March 18th. Jefferies Financial Group upped their price objective on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the company a “buy” rating in a report on Monday. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $21.80.

Triple Flag Precious Metals Price Performance

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

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.052 per share. This represents a $0.21 annualized dividend and a dividend 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 hedge funds and other institutional investors have recently modified their holdings of TFPM. Norges Bank bought a new stake in shares of Triple Flag Precious Metals during the fourth quarter valued at about $14,035,000. Beutel Goodman & Co Ltd. increased its position in shares of Triple Flag Precious Metals by 45.5% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,482,110 shares of the company’s stock worth $33,205,000 after purchasing an additional 776,130 shares during the last quarter. Montrusco Bolton Investments Inc. bought a new position in shares of Triple Flag Precious Metals in the third quarter worth approximately $7,219,000. Cove Street Capital LLC bought a new position in shares of Triple Flag Precious Metals in the fourth quarter worth approximately $6,242,000. Finally, U S Global Investors Inc. increased its position in shares of Triple Flag Precious Metals by 320.6% in the first quarter. U S Global Investors Inc. now owns 315,461 shares of the company’s stock worth $4,559,000 after purchasing an additional 240,461 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

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.