TFPM FY2024 EPS Increased by National Bank Financial

Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) - Equities researchers at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Triple Flag Precious Metals in a research report issued 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.

A number of other equities analysts have also recently issued reports on TFPM. Scotiabank upped their price objective 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 upped their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.50.

Triple Flag Precious Metals Price Performance

Shares of Triple Flag Precious Metals stock traded down $0.46 on Friday, hitting $16.96. 207,498 shares of the company traded hands, compared to its average volume of 212,825. The company has a market cap of $3.42 billion, a P/E ratio of -67.00, a P/E/G ratio of 1.13 and a beta of -0.16. The company has a current ratio of 3.18, a quick ratio of 5.59 and a debt-to-equity ratio of 0.02. Triple Flag Precious Metals has a 12-month low of $11.75 and a 12-month high of $18.88. The firm's 50-day simple moving average is $16.78 and its 200 day simple moving average is $16.25.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued 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 positive return on equity of 5.51% and a negative net margin of 22.15%. The company had revenue of $73.67 million during the quarter. During the same period in the previous year, the firm posted $0.09 EPS.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.30%. Triple Flag Precious Metals's dividend payout ratio (DPR) is -84.62%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versor Investments LP purchased a new position in Triple Flag Precious Metals during the 2nd quarter valued at about $160,000. 1832 Asset Management L.P. purchased a new position in shares of Triple Flag Precious Metals during the second quarter valued at approximately $165,000. CIBC Asset Management Inc bought a new stake in shares of Triple Flag Precious Metals in the 2nd quarter worth approximately $179,000. Magnetar Financial LLC purchased a new stake in shares of Triple Flag Precious Metals in the 2nd quarter worth approximately $228,000. Finally, Oppenheimer & Co. Inc. bought a new position in Triple Flag Precious Metals during the 3rd quarter valued at approximately $278,000. 82.91% of the stock is owned by hedge funds and other 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.