Scotiabank Has Bearish Forecast for TFPM FY2027 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Research analysts at Scotiabank cut their FY2027 EPS estimates for shares of Triple Flag Precious Metals in a note issued to investors on Thursday, March 5th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings of $1.28 per share for the year, down from their previous forecast of $1.29. Scotiabank currently has a “Sector Perform” rating and a $43.00 target price on the stock. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.71 per share.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $118.92 million during the quarter, compared to the consensus estimate of $114.92 million. Triple Flag Precious Metals had a return on equity of 10.82% and a net margin of 61.74%.

Other equities analysts also recently issued reports about the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, February 4th. Wall Street Zen upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Zacks Research raised shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. BMO Capital Markets restated a “market perform” rating on shares of Triple Flag Precious Metals in a report on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.25.

Triple Flag Precious Metals Trading Up 0.5%

TFPM stock opened at $38.92 on Monday. The stock has a 50-day moving average price of $36.67 and a two-hundred day moving average price of $32.52. Triple Flag Precious Metals has a 12-month low of $17.26 and a 12-month high of $41.70. The company has a market cap of $8.04 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 2.00 and a beta of -0.28.

Triple Flag Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a $0.0575 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.23 annualized dividend and a dividend yield of 0.6%. Triple Flag Precious Metals’s dividend payout ratio is presently 19.49%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. acquired a new position in Triple Flag Precious Metals during the 3rd quarter worth approximately $27,000. Quarry LP acquired a new stake in Triple Flag Precious Metals in the third quarter valued at approximately $33,000. Employees Retirement System of Texas purchased a new stake in shares of Triple Flag Precious Metals during the second quarter valued at approximately $36,000. Aventura Private Wealth LLC purchased a new stake in shares of Triple Flag Precious Metals during the fourth quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Triple Flag Precious Metals by 120.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock worth $40,000 after purchasing an additional 664 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.