Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) - Equities researchers at Stifel Canada issued their Q3 2024 earnings 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 $0.53 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 - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.13 earnings per share 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.
Other research analysts have also recently issued reports about the company. Scotiabank boosted 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 boosted their price objective 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $20.50.
Check Out Our Latest Analysis on TFPM
Triple Flag Precious Metals Price Performance
TFPM traded down $0.39 on Wednesday, hitting $18.36. 254,399 shares of the company's stock were exchanged, compared to its average volume of 204,111. The firm has a 50-day moving average price of $16.46 and a 200-day moving average price of $16.10. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 96.53, a P/E/G ratio of 1.22 and a beta of -0.14. The company has a current ratio of 5.80, a quick ratio of 5.59 and a debt-to-equity ratio of 0.01. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $18.88.
Hedge Funds Weigh In On Triple Flag Precious Metals
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its position in Triple Flag Precious Metals by 112.7% in the 1st quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company's stock valued at $110,000 after buying an additional 4,029 shares during the period. Van ECK Associates Corp grew its stake in Triple Flag Precious Metals by 0.9% during 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. Meixler Investment Management Ltd. increased its holdings in Triple Flag Precious Metals by 12.0% during the 1st quarter. Meixler Investment Management Ltd. now owns 16,325 shares of the company's stock worth $236,000 after purchasing an additional 1,750 shares during the period. Cove Street Capital LLC raised its position in Triple Flag Precious Metals by 15.4% in the 1st quarter. Cove Street Capital LLC now owns 541,255 shares of the company's stock valued at $7,821,000 after purchasing an additional 72,249 shares in the last quarter. Finally, Forge First Asset Management Inc. purchased a new position in shares of Triple Flag Precious Metals in the 1st quarter valued at about $737,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.
Triple Flag Precious Metals Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.055 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.22 annualized dividend and a yield of 1.20%. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently 115.79%.
Triple Flag Precious Metals Company Profile
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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.
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