Brokers Set Expectations for TFPM FY2024 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Equities research analysts at National Bank Financial raised their FY2024 earnings estimates for shares of Triple Flag Precious Metals in a note issued to investors on Wednesday, November 6th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.56 per share for the year, up from their previous forecast of $0.55. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.55 per share. National Bank Financial also issued estimates for Triple Flag Precious Metals’ Q4 2024 earnings at $0.17 EPS, Q1 2025 earnings at $0.19 EPS and FY2026 earnings at $0.71 EPS.

Other research analysts have also recently issued research reports about the stock. Scotiabank boosted their price objective on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group boosted their price objective on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Triple Flag Precious Metals Stock Up 1.6 %

Shares of NYSE TFPM opened at $17.42 on Friday. The stock has a market cap 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. 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 debt-to-equity ratio of 0.01, a quick ratio of 5.59 and a current ratio of 5.80. Triple Flag Precious Metals has a 52-week low of $11.75 and a 52-week high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $73.67 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%. During the same quarter in the prior year, the firm earned $0.09 EPS.

Triple Flag Precious Metals Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its stake in Triple Flag Precious Metals by 2.1% in the third quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company’s stock valued at $56,588,000 after buying an additional 71,894 shares in the last quarter. Cove Street Capital LLC lifted its stake in Triple Flag Precious Metals by 15.4% in the first quarter. Cove Street Capital LLC now owns 541,255 shares of the company’s stock valued at $7,821,000 after buying an additional 72,249 shares in the last quarter. Tidal Investments LLC bought a new position in Triple Flag Precious Metals in the first quarter valued at approximately $6,145,000. Dimensional Fund Advisors LP lifted its stake in Triple Flag Precious Metals by 37.0% in the second quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company’s stock valued at $5,602,000 after buying an additional 97,630 shares in the last quarter. Finally, Mountain Lake Investment Management LLC lifted its stake in Triple Flag Precious Metals by 1.9% in the first quarter. Mountain Lake Investment Management LLC now owns 275,000 shares of the company’s stock valued at $3,974,000 after buying an additional 5,000 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

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.