Q3 2024 EPS Estimates for Triple Flag Precious Metals Corp. Cut by Analyst (NYSE:TFPM)

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Research analysts at Raymond James dropped their Q3 2024 earnings per share estimates for Triple Flag Precious Metals in a research report issued on Monday, September 30th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.13 per share for the quarter, down from their previous estimate of $0.15. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.53 per share. Raymond James also issued estimates for Triple Flag Precious Metals’ FY2024 earnings at $0.53 EPS.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Wednesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 during the quarter.

A number of other brokerages also recently issued reports on TFPM. Jefferies Financial Group boosted their price target on shares of Triple Flag Precious Metals from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Scotiabank boosted their target price 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. One 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, Triple Flag Precious Metals presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Triple Flag Precious Metals Price Performance

Shares of TFPM opened at $16.31 on Wednesday. The business has a 50-day moving average of $16.01 and a 200-day moving average of $15.85. Triple Flag Precious Metals has a 1 year low of $11.75 and a 1 year high of $18.08. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 85.85, a price-to-earnings-growth ratio of 0.95 and a beta of -0.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.80 and a quick ratio of 5.59.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Triple Flag Precious Metals in the 4th quarter valued at about $14,035,000. Goehring & Rozencwajg Associates LLC increased its holdings in shares of Triple Flag Precious Metals by 3.0% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 85,671 shares of the company’s stock valued at $1,141,000 after acquiring an additional 2,470 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of 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 purchasing an additional 4,029 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Triple Flag Precious Metals by 0.9% in the 1st quarter. Van ECK Associates Corp now owns 3,557,484 shares of the company’s stock worth $51,406,000 after purchasing an additional 30,758 shares in the last quarter. Finally, Meixler Investment Management Ltd. grew its position in Triple Flag Precious Metals by 12.0% in the 1st quarter. Meixler Investment Management Ltd. now owns 16,325 shares of the company’s stock valued at $236,000 after purchasing an additional 1,750 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.055 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.22 annualized dividend and a dividend yield of 1.35%. Triple Flag Precious Metals’s dividend payout ratio is currently 115.80%.

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.