National Bank Financial Equities Analysts Cut Earnings Estimates for Triple Flag Precious Metals Corp. (NYSE:TFPM)

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Stock analysts at National Bank Financial lowered their FY2024 earnings estimates for Triple Flag Precious Metals in a research report issued on Thursday, April 18th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.33 per share for the year, down from their prior forecast of $0.35. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.43 per share. National Bank Financial also issued estimates for Triple Flag Precious Metals’ FY2025 earnings at $0.40 EPS.

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

A number of other equities research analysts have also recently issued reports on the company. Bank of America raised 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. TheStreet upgraded Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research note on Wednesday, December 27th. Finally, Jefferies Financial Group raised 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, Triple Flag Precious Metals has a consensus rating of “Buy” and an average target price of $21.80.

Triple Flag Precious Metals Stock Performance

Triple Flag Precious Metals stock opened at $15.74 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.29 and a quick ratio of 3.21. The company has a market cap of $3.16 billion, a PE ratio of 82.85, a P/E/G ratio of 2.37 and a beta of -0.01. Triple Flag Precious Metals has a 12 month low of $11.75 and a 12 month high of $17.33. The company has a fifty day moving average price of $13.94 and a two-hundred day moving average price of $13.31.

Institutional Investors Weigh In On Triple Flag Precious Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. grew its holdings in Triple Flag Precious Metals by 112.7% during the first quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after acquiring an additional 4,029 shares during the period. Tocqueville Asset Management L.P. acquired a new position in Triple Flag Precious Metals during the third quarter worth about $134,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Triple Flag Precious Metals by 51.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,125 shares of the company’s stock worth $175,000 after acquiring an additional 4,475 shares during the period. Meixler Investment Management Ltd. grew its holdings in Triple Flag Precious Metals by 10.6% during the third quarter. Meixler Investment Management Ltd. now owns 13,450 shares of the company’s stock worth $176,000 after acquiring an additional 1,287 shares during the period. Finally, Orion Portfolio Solutions LLC grew its holdings in Triple Flag Precious Metals by 24.9% during the third quarter. Orion Portfolio Solutions LLC now owns 15,187 shares of the company’s stock worth $198,000 after acquiring an additional 3,026 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, March 1st. Triple Flag Precious Metals’s dividend payout ratio is currently 110.53%.

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.