Brokers Set Expectations for Triple Flag Precious Metals Corp.’s Q3 2024 Earnings (NYSE:TFPM)

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Investment analysts at Raymond James decreased their Q3 2024 EPS estimates for Triple Flag Precious Metals in a report issued on Monday, September 30th. Raymond James analyst B. Macarthur now expects that the company will earn $0.13 per share for the quarter, down from their prior forecast of $0.15. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.53 per share. Raymond James also issued estimates for Triple Flag Precious Metals’ FY2024 earnings at $0.53 EPS.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $63.58 million during the quarter. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group lifted their target price on Triple Flag Precious Metals from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Scotiabank lifted their price target 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. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Triple Flag Precious Metals has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals stock opened at $16.21 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.59 and a current ratio of 5.80. Triple Flag Precious Metals has a 52 week low of $11.75 and a 52 week high of $18.08. The stock has a market capitalization of $3.26 billion, a P/E ratio of 85.32, a price-to-earnings-growth ratio of 0.95 and a beta of -0.14. The stock has a fifty day moving average of $16.05 and a 200-day moving average of $15.85.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. lifted its position in shares of Triple Flag Precious Metals by 112.7% in the 1st quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after purchasing an additional 4,029 shares during the period. Versor Investments LP acquired a new position in Triple Flag Precious Metals in the second quarter valued at $160,000. 1832 Asset Management L.P. bought a new stake in Triple Flag Precious Metals during the second quarter valued at $165,000. CIBC Asset Management Inc acquired a new stake in Triple Flag Precious Metals during the second quarter worth approximately $179,000. Finally, Magnetar Financial LLC acquired a new position in Triple Flag Precious Metals in the second quarter valued at approximately $228,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Friday, August 30th. Triple Flag Precious Metals’s payout ratio is 115.79%.

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.