FY2024 Earnings Forecast for TFPM Issued By Raymond James

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Stock analysts at Raymond James upped their FY2024 EPS estimates for shares of Triple Flag Precious Metals in a research note issued on Wednesday, January 15th. Raymond James analyst B. Macarthur now expects that the company will earn $0.55 per share for the year, up from their previous forecast of $0.54. 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’ Q1 2025 earnings at $0.17 EPS and Q2 2025 earnings at $0.17 EPS.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $73.67 million during the quarter. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. During the same period in the prior year, the firm posted $0.09 EPS.

Separately, Jefferies Financial Group upped their price target on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 4th.

Triple Flag Precious Metals Trading Up 1.3 %

NYSE TFPM opened at $15.76 on Friday. Triple Flag Precious Metals has a 12 month low of $11.75 and a 12 month high of $18.88. The stock has a 50-day simple moving average of $16.01 and a 200 day simple moving average of $16.19. The company has a current ratio of 3.18, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several large investors have recently modified their holdings of the business. Orion Portfolio Solutions LLC raised its holdings in shares of Triple Flag Precious Metals by 103.4% during the third quarter. Orion Portfolio Solutions LLC now owns 46,902 shares of the company’s stock worth $759,000 after acquiring an additional 23,840 shares during the period. American Century Companies Inc. bought a new position in Triple Flag Precious Metals during the 2nd quarter worth about $2,389,000. Geode Capital Management LLC raised its stake in shares of Triple Flag Precious Metals by 148.3% in the 3rd quarter. Geode Capital Management LLC now owns 64,744 shares of the company’s stock valued at $1,235,000 after purchasing an additional 38,673 shares during the period. FMR LLC lifted its holdings in shares of Triple Flag Precious Metals by 8.9% in the third quarter. FMR LLC now owns 4,061,121 shares of the company’s stock valued at $65,761,000 after purchasing an additional 333,574 shares in the last quarter. Finally, Lummis Asset Management LP boosted its position in shares of Triple Flag Precious Metals by 1,756.8% during the second quarter. Lummis Asset Management LP now owns 47,887 shares of the company’s stock worth $742,000 after buying an additional 45,308 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.055 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a yield of 1.40%. Triple Flag Precious Metals’s payout ratio is -84.62%.

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.