Raymond James Analysts Reduce Earnings Estimates for TFPM

Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) - Stock analysts at Raymond James reduced their Q4 2024 earnings per share estimates for Triple Flag Precious Metals in a report issued on Tuesday, December 17th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.14 per share for the quarter, down from their prior estimate of $0.15. The consensus estimate for Triple Flag Precious Metals' current full-year earnings is $0.56 per share. Raymond James also issued estimates for Triple Flag Precious Metals' Q4 2025 earnings at $0.17 EPS.

Separately, Jefferies Financial Group increased their price objective 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. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Triple Flag Precious Metals presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.50.

Triple Flag Precious Metals Stock Down 0.2 %

Shares of TFPM traded down $0.03 during midday trading on Thursday, hitting $15.38. The stock had a trading volume of 308,224 shares, compared to its average volume of 230,494. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of -59.15, a price-to-earnings-growth ratio of 0.86 and a beta of -0.18. The company has a 50 day simple moving average of $16.83 and a two-hundred day simple moving average of $16.21. Triple Flag Precious Metals has a twelve month low of $11.75 and a twelve month high of $18.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.18 and a quick ratio of 3.05.

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 analysts' consensus estimates of $0.14 by $0.01. The business had revenue of $73.67 million for the quarter. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. During the same quarter in the previous year, the business earned $0.09 earnings per share.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.22 annualized dividend and a yield of 1.43%. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently -84.62%.

Institutional Trading of Triple Flag Precious Metals

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position in shares of Triple Flag Precious Metals by 8.9% during the 3rd quarter. FMR LLC now owns 4,061,121 shares of the company's stock worth $65,761,000 after purchasing an additional 333,574 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Triple Flag Precious Metals by 18.0% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company's stock worth $25,838,000 after buying an additional 242,906 shares during the last quarter. Bank of Montreal Can increased its holdings in Triple Flag Precious Metals by 151.1% during the third quarter. Bank of Montreal Can now owns 367,936 shares of the company's stock worth $6,042,000 after buying an additional 221,389 shares during the last quarter. American Century Companies Inc. bought a new stake in Triple Flag Precious Metals during the second quarter worth $2,389,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Triple Flag Precious Metals in the second quarter valued at $2,191,000. Institutional investors own 82.91% of the company's stock.

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.