Scotiabank Has Optimistic Outlook of TFPM FY2024 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) - Investment analysts at Scotiabank lifted their FY2024 earnings per share (EPS) estimates for shares of Triple Flag Precious Metals in a note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $0.54 per share for the year, up from their previous forecast of $0.53. The consensus estimate for Triple Flag Precious Metals' current full-year earnings is $0.56 per share. Scotiabank also issued estimates for Triple Flag Precious Metals' FY2025 earnings at $0.70 EPS and FY2026 earnings at $0.75 EPS.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced 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 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 period in the prior year, the firm posted $0.09 earnings per share.

Separately, Jefferies Financial Group lifted their price objective 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 Up 0.7 %

NYSE TFPM traded up $0.10 on Friday, hitting $15.48. 259,669 shares of the stock were exchanged, compared to its average volume of 234,195. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $18.88. The company has a 50-day moving average price of $16.11 and a 200-day moving average price of $16.19. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.12 billion, a PE ratio of -59.54, a PEG ratio of 0.86 and a beta of -0.09.

Institutional Trading of Triple Flag Precious Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC grew its position in shares of Triple Flag Precious Metals by 6.0% in the 3rd quarter. Virtu Financial LLC now owns 15,066 shares of the company's stock valued at $244,000 after buying an additional 857 shares during the last quarter. Quadrature Capital Ltd boosted its stake in Triple Flag Precious Metals by 3.0% in the third quarter. Quadrature Capital Ltd now owns 34,800 shares of the company's stock valued at $564,000 after acquiring an additional 1,000 shares in the last quarter. Versor Investments LP grew its holdings in shares of Triple Flag Precious Metals by 47.6% during the third quarter. Versor Investments LP now owns 15,204 shares of the company's stock worth $246,000 after purchasing an additional 4,904 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Triple Flag Precious Metals during the third quarter worth about $111,000. Finally, Meixler Investment Management Ltd. increased its position in shares of Triple Flag Precious Metals by 43.7% during the third quarter. Meixler Investment Management Ltd. now owns 23,862 shares of the company's stock worth $386,000 after purchasing an additional 7,262 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.055 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.22 annualized dividend and a yield of 1.42%. Triple Flag Precious Metals's dividend payout ratio is currently -84.62%.

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.