Triple Flag Precious Metals Corp. (NYSE:TFPM) Expected to Earn Q2 2024 Earnings of $0.13 Per Share

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Stock analysts at Raymond James upped their Q2 2024 earnings per share estimates for shares of Triple Flag Precious Metals in a research note issued on Monday, April 22nd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.13 per share for the quarter, up from their previous estimate of $0.10. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.43 per share. Raymond James also issued estimates for Triple Flag Precious Metals’ Q3 2024 earnings at $0.15 EPS, Q4 2024 earnings at $0.15 EPS and FY2024 earnings at $0.55 EPS.

TFPM has been the topic of several other research reports. TheStreet raised Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research note on Wednesday, December 27th. Bank of America lifted their target price on Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Jefferies Financial Group lifted their target price on Triple Flag Precious Metals from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Monday. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, Triple Flag Precious Metals has an average rating of “Buy” and an average target price of $21.80.

Triple Flag Precious Metals Price Performance

NYSE TFPM opened at $15.85 on Thursday. The stock’s 50-day moving average price is $14.01 and its two-hundred day moving average price is $13.33. The company has a current ratio of 3.29, a quick ratio of 3.21 and a debt-to-equity ratio of 0.03. The company has a market cap of $3.19 billion and a PE ratio of 83.43. Triple Flag Precious Metals has a 1 year low of $11.75 and a 1 year high of $17.33.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $51.74 million for the quarter. Triple Flag Precious Metals had a return on equity of 3.64% and a net margin of 17.78%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several large investors have recently made changes to their positions in TFPM. Merrion Investment Management Co LLC grew its stake in shares of Triple Flag Precious Metals by 254.7% in the 3rd quarter. Merrion Investment Management Co LLC now owns 75,200 shares of the company’s stock valued at $983,000 after buying an additional 54,000 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Triple Flag Precious Metals by 81.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 122,590 shares of the company’s stock valued at $1,602,000 after buying an additional 55,206 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Triple Flag Precious Metals by 2.7% in the 3rd quarter. Mackenzie Financial Corp now owns 75,402 shares of the company’s stock valued at $962,000 after buying an additional 1,961 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Triple Flag Precious Metals by 2.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,594,649 shares of the company’s stock valued at $20,983,000 after buying an additional 33,192 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Triple Flag Precious Metals by 5.3% in the 3rd quarter. TD Asset Management Inc now owns 412,636 shares of the company’s stock valued at $5,430,000 after buying an additional 20,841 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.052 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.21 annualized dividend and a dividend yield of 1.31%. Triple Flag Precious Metals’s payout ratio is 110.53%.

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.