Triple Flag Precious Metals Corp. Expected to Post FY2022 Earnings of $0.37 Per Share (NYSE:TFPM)

Triple Flag Precious Metals Corp. (NYSE:TFPMGet Rating) – Research analysts at National Bank Financial decreased their FY2022 earnings per share (EPS) estimates for Triple Flag Precious Metals in a note issued to investors on Thursday, January 19th. National Bank Financial analyst S. Nagle now expects that the company will earn $0.37 per share for the year, down from their prior estimate of $0.40. National Bank Financial currently has a “Outperform Overweight” rating on the stock. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.38 per share. National Bank Financial also issued estimates for Triple Flag Precious Metals’ FY2023 earnings at $0.47 EPS.

Triple Flag Precious Metals (NYSE:TFPMGet Rating) last released its quarterly earnings data on Monday, November 7th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $33.75 million for the quarter.

Other equities research analysts also recently issued reports about the company. TD Securities lifted their price objective on Triple Flag Precious Metals from C$19.50 to C$23.00 in a report on Wednesday, December 14th. BMO Capital Markets cut Triple Flag Precious Metals from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 10th. Raymond James increased their target price on shares of Triple Flag Precious Metals from C$21.00 to C$222.00 in a research report on Tuesday. Finally, CIBC increased their target price on shares of Triple Flag Precious Metals from C$21.00 to C$22.50 in a research report on Tuesday.

Triple Flag Precious Metals Stock Down 0.4 %

NYSE:TFPM opened at $13.40 on Monday. The stock’s 50-day simple moving average is $13.20. Triple Flag Precious Metals has a 52 week low of $10.36 and a 52 week high of $16.60.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Tuesday, November 29th.

Hedge Funds Weigh In On Triple Flag Precious Metals

Institutional investors have recently modified their holdings of the stock. Condire Management LP acquired a new stake in shares of Triple Flag Precious Metals in the 3rd quarter valued at $2,517,000. Anson Funds Management LP bought a new position in Triple Flag Precious Metals in the third quarter valued at about $8,426,000. Jane Street Group LLC bought a new position in Triple Flag Precious Metals in the third quarter valued at about $819,000. Elliott Investment Management L.P. acquired a new stake in Triple Flag Precious Metals in the third quarter worth about $1,633,693,000. Finally, Commonwealth Equity Services LLC bought a new stake in Triple Flag Precious Metals during the 3rd quarter worth about $440,000. 87.28% of the stock is owned by institutional investors.

Triple Flag Precious Metals Company Profile

(Get Rating)

Triple Flag Precious Metals Corp., a gold-focused streaming and royalty company, engages in acquiring and managing precious metals and other streams and royalties in Australia, Canada, Colombia, Mongolia, Peru, South Africa, and the United States. The company has a portfolio of streams and royalties providing exposure primarily to gold and silver.

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