Raymond James Has Positive Outlook for TFPM FY2024 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Equities research analysts at Raymond James lifted their FY2024 EPS estimates for Triple Flag Precious Metals in a research report issued to clients and investors on Wednesday, November 6th. Raymond James analyst B. Macarthur now expects that the company will earn $0.54 per share for the year, up from their previous estimate of $0.53. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.55 per share. Raymond James also issued estimates for Triple Flag Precious Metals’ Q2 2025 earnings at $0.16 EPS.

Several other research analysts have also recently issued reports on TFPM. Scotiabank increased their price target on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group increased their price target on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Triple Flag Precious Metals Trading Up 1.6 %

NYSE TFPM opened at $17.42 on Friday. The stock has a market capitalization of $3.51 billion, a P/E ratio of -67.00, a P/E/G ratio of 1.13 and a beta of -0.16. Triple Flag Precious Metals has a 52-week low of $11.75 and a 52-week high of $18.88. The firm has a 50-day moving average price of $16.76 and a 200 day moving average price of $16.24. The company has a quick ratio of 5.59, a current ratio of 5.80 and a debt-to-equity ratio of 0.01.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%. The business had revenue of $73.67 million during the quarter. During the same quarter last year, the company posted $0.09 EPS.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a yield of 1.26%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -84.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TFPM. Versor Investments LP purchased a new position in Triple Flag Precious Metals in the second quarter valued at about $160,000. 1832 Asset Management L.P. purchased a new position in Triple Flag Precious Metals in the second quarter valued at about $165,000. CIBC Asset Management Inc purchased a new position in Triple Flag Precious Metals in the second quarter valued at about $179,000. Magnetar Financial LLC purchased a new position in Triple Flag Precious Metals in the second quarter valued at about $228,000. Finally, Oppenheimer & Co. Inc. purchased a new position in Triple Flag Precious Metals in the third quarter valued at about $278,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

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.