Triple Flag Precious Metals (NYSE:TFPM) Issues Earnings Results, Beats Estimates By $0.01 EPS

Triple Flag Precious Metals (NYSE:TFPM) announced its quarterly earnings data on Wednesday. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01, Zacks reports. Triple Flag Precious Metals had a net margin of 59.43% and a return on equity of 9.56%. The business had revenue of $118.92 million for the quarter, compared to analyst estimates of $114.92 million.

Triple Flag Precious Metals Price Performance

Shares of NYSE:TFPM opened at $35.90 on Thursday. The company has a 50-day simple moving average of $35.44 and a 200-day simple moving average of $31.25. Triple Flag Precious Metals has a one year low of $16.26 and a one year high of $40.29. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 0.95 and a beta of -0.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.68 and a current ratio of 1.68.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several institutional investors have recently bought and sold shares of TFPM. Quarry LP purchased a new position in Triple Flag Precious Metals in the 3rd quarter valued at approximately $33,000. Tower Research Capital LLC TRC increased its position in shares of Triple Flag Precious Metals by 160.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,015 shares of the company’s stock valued at $119,000 after buying an additional 3,086 shares in the last quarter. Caitlin John LLC raised its stake in shares of Triple Flag Precious Metals by 11.2% during the 4th quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock worth $124,000 after buying an additional 375 shares during the last quarter. Northwest & Ethical Investments L.P. raised its stake in shares of Triple Flag Precious Metals by 54.8% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 4,009 shares of the company’s stock worth $133,000 after buying an additional 1,420 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of Triple Flag Precious Metals by 4,954.7% in the 2nd quarter. Osaic Holdings Inc. now owns 5,914 shares of the company’s stock worth $140,000 after buying an additional 5,797 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a report on Thursday, January 15th. Zacks Research raised Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Scotiabank raised their price objective on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.25.

Triple Flag Precious Metals Company Profile

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.