Analysts Issue Forecasts for TFPM Q3 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for Triple Flag Precious Metals in a research report issued on Monday, October 21st. Stifel Canada analyst I. Rico expects that the company will post earnings of $0.14 per share for the quarter. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.55 per share. Stifel Canada also issued estimates for Triple Flag Precious Metals’ FY2024 earnings at $0.55 EPS and FY2025 earnings at $0.76 EPS.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, beating 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 business had revenue of $63.58 million for the quarter.

Several other equities research analysts have also recently issued reports on the company. Scotiabank lifted their target price on 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 lifted their target price on 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 research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

Triple Flag Precious Metals Price Performance

Shares of Triple Flag Precious Metals stock opened at $18.26 on Wednesday. Triple Flag Precious Metals has a 52 week low of $11.75 and a 52 week high of $18.88. The company has a quick ratio of 5.59, a current ratio of 5.80 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $16.51 and its 200-day simple moving average is $16.12. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of -41.73, a PEG ratio of 1.26 and a beta of -0.14.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.22 annualized dividend and a yield of 1.20%. Triple Flag Precious Metals’s payout ratio is currently -50.00%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several large investors have recently added to or reduced their stakes in TFPM. Sunbelt Securities Inc. increased its stake in Triple Flag Precious Metals by 112.7% during the first quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after acquiring an additional 4,029 shares during the last quarter. Van ECK Associates Corp increased its stake in Triple Flag Precious Metals by 0.9% during the first quarter. Van ECK Associates Corp now owns 3,557,484 shares of the company’s stock worth $51,406,000 after acquiring an additional 30,758 shares during the last quarter. Meixler Investment Management Ltd. increased its stake in Triple Flag Precious Metals by 12.0% during the first quarter. Meixler Investment Management Ltd. now owns 16,325 shares of the company’s stock worth $236,000 after acquiring an additional 1,750 shares during the last quarter. Cove Street Capital LLC increased its stake in Triple Flag Precious Metals by 15.4% during the first quarter. Cove Street Capital LLC now owns 541,255 shares of the company’s stock worth $7,821,000 after acquiring an additional 72,249 shares during the last quarter. Finally, Forge First Asset Management Inc. bought a new stake in Triple Flag Precious Metals during the first quarter worth approximately $737,000. 82.91% of the stock is 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.