Scotiabank Has Optimistic Outlook of TFPM FY2024 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Equities researchers at Scotiabank raised their FY2024 EPS estimates for shares of Triple Flag Precious Metals in a note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the company will earn $0.54 per share for the year, up from their prior forecast of $0.53. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.56 per share. Scotiabank also issued estimates for Triple Flag Precious Metals’ FY2025 earnings at $0.70 EPS and FY2026 earnings at $0.75 EPS.

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

Separately, Jefferies Financial Group boosted 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.

Triple Flag Precious Metals Stock Performance

Shares of TFPM opened at $15.48 on Friday. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. The stock has a market cap of $3.12 billion, a P/E ratio of -59.54, a P/E/G ratio of 0.86 and a beta of -0.09. The business’s 50 day moving average price is $16.11 and its 200-day moving average price is $16.19. Triple Flag Precious Metals has a 52 week low of $11.75 and a 52 week high of $18.88.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders 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 annualized dividend and a dividend yield of 1.42%. Triple Flag Precious Metals’s dividend payout ratio is presently -84.62%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several institutional investors and hedge funds have recently made changes to their positions in TFPM. Point72 Asset Management L.P. bought a new stake in Triple Flag Precious Metals in the 3rd quarter worth about $111,000. 1832 Asset Management L.P. purchased a new stake in shares of Triple Flag Precious Metals during the 2nd quarter valued at about $165,000. XTX Topco Ltd bought a new stake in shares of Triple Flag Precious Metals in the third quarter worth approximately $220,000. Magnetar Financial LLC purchased a new position in shares of Triple Flag Precious Metals during the second quarter valued at approximately $228,000. Finally, Virtu Financial LLC lifted its position in Triple Flag Precious Metals by 6.0% during the third quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock valued at $244,000 after purchasing an additional 857 shares during the period. 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.