Brokers Set Expectations for TFPM FY2024 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Stock analysts at National Bank Financial increased their FY2024 earnings estimates for Triple Flag Precious Metals in a research note issued to investors on Wednesday, November 6th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.56 per share for the year, up from their prior forecast of $0.55. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.55 per share. National Bank Financial also issued estimates for Triple Flag Precious Metals’ Q4 2024 earnings at $0.17 EPS, Q1 2025 earnings at $0.19 EPS and FY2026 earnings at $0.71 EPS.

Several other research firms also recently commented on TFPM. Scotiabank upped 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 report on Monday, August 19th. Jefferies Financial Group upped 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 investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Triple Flag Precious Metals Stock Performance

NYSE TFPM opened at $17.42 on Friday. The company has a current ratio of 5.80, a quick ratio of 5.59 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $16.76 and its two-hundred day moving average price is $16.24. Triple Flag Precious Metals has a 1 year low of $11.75 and a 1 year high of $18.88. The firm has a market capitalization of $3.51 billion, a P/E 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) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%. The firm had revenue of $73.67 million for the quarter. During the same period last year, the company posted $0.09 earnings per share.

Triple Flag Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.055 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.26%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently -84.62%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its holdings in shares of Triple Flag Precious Metals by 2.1% in the third quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company’s stock worth $56,588,000 after acquiring an additional 71,894 shares during the last quarter. Cove Street Capital LLC lifted its holdings in shares of Triple Flag Precious Metals by 15.4% in the first quarter. Cove Street Capital LLC now owns 541,255 shares of the company’s stock worth $7,821,000 after acquiring an additional 72,249 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Triple Flag Precious Metals in the first quarter worth about $6,145,000. Dimensional Fund Advisors LP lifted its holdings in shares of Triple Flag Precious Metals by 37.0% in 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 last quarter. Finally, Mountain Lake Investment Management LLC lifted its holdings in shares of Triple Flag Precious Metals by 1.9% in the first quarter. Mountain Lake Investment Management LLC now owns 275,000 shares of the company’s stock worth $3,974,000 after acquiring an additional 5,000 shares during the last quarter. 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.