Triple Flag Precious Metals (NYSE:TFPM) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Triple Flag Precious Metals (NYSE:TFPM) released its earnings results on Wednesday. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02), Zacks reports. Triple Flag Precious Metals had a net margin of 59.43% and a return on equity of 9.56%.

Triple Flag Precious Metals Stock Up 0.9%

Shares of NYSE:TFPM traded up $0.33 during mid-day trading on Wednesday, hitting $35.90. 520,101 shares of the company traded hands, compared to its average volume of 664,086. The stock has a 50-day moving average price of $35.41 and a two-hundred day moving average price of $31.22. Triple Flag Precious Metals has a 12-month low of $16.26 and a 12-month high of $40.29. The stock has a market cap of $7.42 billion, a P/E ratio of 35.55, a P/E/G ratio of 0.97 and a beta of -0.21. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, February 4th. Scotiabank lifted their price objective on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, January 21st. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Triple Flag Precious Metals has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

Institutional Trading of Triple Flag Precious Metals

Institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Triple Flag Precious Metals by 39.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock valued at $77,373,000 after purchasing an additional 753,923 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Triple Flag Precious Metals by 25.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company’s stock worth $76,908,000 after buying an additional 530,357 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Triple Flag Precious Metals by 59.5% in the 3rd quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock worth $70,113,000 after buying an additional 893,566 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Triple Flag Precious Metals by 1,619.6% in the third quarter. Vanguard Group Inc. now owns 928,368 shares of the company’s stock valued at $27,177,000 after acquiring an additional 874,382 shares in the last quarter. Finally, Nuveen LLC grew its holdings in shares of Triple Flag Precious Metals by 1.7% in the fourth quarter. Nuveen LLC now owns 874,121 shares of the company’s stock valued at $29,085,000 after acquiring an additional 14,769 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.