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

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Research analysts at Raymond James boosted their Q2 2024 earnings estimates for Triple Flag Precious Metals in a research note issued to investors on Monday, April 22nd. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.13 per share for the quarter, up from their previous forecast 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.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The company 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%.

Several other research analysts have also recently weighed in on TFPM. Jefferies Financial Group upped their price target on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the company a “buy” rating in a report on Monday. Bank of America boosted their price objective on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, TheStreet raised shares of Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research report on Wednesday, December 27th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $21.80.

Triple Flag Precious Metals Stock Up 0.7 %

Triple Flag Precious Metals stock opened at $15.85 on Thursday. The stock has a market capitalization of $3.19 billion and a PE ratio of 83.43. Triple Flag Precious Metals has a twelve month low of $11.75 and a twelve month high of $17.33. The company has a quick ratio of 3.21, a current ratio of 3.29 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $14.01 and a 200-day moving average of $13.33.

Institutional Trading of Triple Flag Precious Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in TFPM. Norges Bank bought a new stake in Triple Flag Precious Metals during the fourth quarter worth $14,035,000. Beutel Goodman & Co Ltd. raised its position in Triple Flag Precious Metals by 45.5% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,482,110 shares of the company’s stock worth $33,205,000 after acquiring an additional 776,130 shares in the last quarter. Montrusco Bolton Investments Inc. bought a new stake in Triple Flag Precious Metals during the third quarter worth $7,219,000. Cove Street Capital LLC bought a new stake in Triple Flag Precious Metals during the fourth quarter worth $6,242,000. Finally, U S Global Investors Inc. raised its position in Triple Flag Precious Metals by 320.6% during the first quarter. U S Global Investors Inc. now owns 315,461 shares of the company’s stock worth $4,559,000 after acquiring an additional 240,461 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

Triple Flag Precious Metals Announces Dividend

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