Raymond James Has Optimistic Outlook of TFPM FY2024 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) - Equities research analysts at Raymond James lifted their FY2024 earnings per share (EPS) estimates for shares of Triple Flag Precious Metals in a report issued on Wednesday, January 15th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.55 per share for the year, up from their previous estimate of $0.54. The consensus estimate for Triple Flag Precious Metals' current full-year earnings is $0.55 per share. Raymond James also issued estimates for Triple Flag Precious Metals' Q1 2025 earnings at $0.17 EPS and Q2 2025 earnings at $0.17 EPS.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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 for the quarter. During the same period in the prior year, the business posted $0.09 earnings per share.

Separately, Jefferies Financial Group boosted their target price on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, October 4th.

Triple Flag Precious Metals Stock Performance

TFPM traded up $0.01 during midday trading on Friday, reaching $15.76. The company's stock had a trading volume of 135,480 shares, compared to its average volume of 226,253. Triple Flag Precious Metals has a twelve month low of $11.75 and a twelve month high of $18.88. The stock has a market cap of $3.17 billion, a P/E ratio of -60.61, a PEG ratio of 0.66 and a beta of -0.09. The company has a fifty day simple moving average of $15.98 and a 200 day simple moving average of $16.19. The company has a current ratio of 3.18, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.40%. Triple Flag Precious Metals's dividend payout ratio is currently -84.62%.

Institutional Trading of Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in Triple Flag Precious Metals by 8.9% during the third quarter. FMR LLC now owns 4,061,121 shares of the company's stock worth $65,761,000 after buying an additional 333,574 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Triple Flag Precious Metals by 2.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company's stock worth $56,588,000 after acquiring an additional 71,894 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Triple Flag Precious Metals by 18.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company's stock valued at $25,838,000 after acquiring an additional 242,906 shares in the last quarter. Montrusco Bolton Investments Inc. raised its position in Triple Flag Precious Metals by 9.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 697,000 shares of the company's stock worth $11,299,000 after purchasing an additional 57,751 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in Triple Flag Precious Metals by 1.8% during the third quarter. Tidal Investments LLC now owns 533,520 shares of the company's stock worth $8,632,000 after purchasing an additional 9,184 shares during the period. 82.91% of the stock is currently 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.