What is Raymond James' Estimate for TFPM FY2024 Earnings?

Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) - Stock analysts at Raymond James raised their FY2024 EPS estimates for shares of Triple Flag Precious Metals in a research note issued to investors on Wednesday, November 6th. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.54 per share for the year, up from their prior estimate of $0.53. 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' Q2 2025 earnings at $0.16 EPS.

Several other analysts have also weighed in on TFPM. Scotiabank lifted their price objective on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. Jefferies Financial Group lifted their price target on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the company 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 stock. According to data from MarketBeat, Triple Flag Precious Metals currently has an average rating of "Moderate Buy" and a consensus target price of $20.50.

Triple Flag Precious Metals Trading Down 2.6 %

TFPM stock traded down $0.46 during mid-day trading on Friday, reaching $16.96. The company's stock had a trading volume of 207,498 shares, compared to its average volume of 212,825. Triple Flag Precious Metals has a 12 month low of $11.75 and a 12 month high of $18.88. The company has a current ratio of 3.18, a quick ratio of 5.59 and a debt-to-equity ratio of 0.02. The business's 50 day moving average price is $16.78 and its 200 day moving average price is $16.25. The company has a market cap of $3.42 billion, a price-to-earnings ratio of -67.00, a price-to-earnings-growth ratio of 1.13 and a beta of -0.16.

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

Hedge Funds Weigh In On Triple Flag Precious Metals

Large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC bought a new position in shares of Triple Flag Precious Metals in the first quarter valued at approximately $6,145,000. American Century Companies Inc. purchased a new stake in shares of Triple Flag Precious Metals in the second quarter valued at about $2,389,000. Allspring Global Investments Holdings LLC bought a new position in shares of Triple Flag Precious Metals during the second quarter valued at about $2,191,000. Acadian Asset Management LLC bought a new position in shares of Triple Flag Precious Metals during the 2nd quarter worth approximately $1,705,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Triple Flag Precious Metals by 37.0% during the second quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company's stock worth $5,602,000 after acquiring an additional 97,630 shares during the period. Institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 1.30%. Triple Flag Precious Metals's payout ratio is -84.62%.

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.