Q3 2024 EPS Estimates for Triple Flag Precious Metals Corp. Reduced by Analyst (NYSE:TFPM)

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Research analysts at Raymond James cut their Q3 2024 earnings per share (EPS) estimates for shares of Triple Flag Precious Metals in a research note issued on Tuesday, July 16th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.13 per share for the quarter, down from their prior forecast of $0.14. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.50 per share. Raymond James also issued estimates for Triple Flag Precious Metals’ FY2024 earnings at $0.51 EPS.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Triple Flag Precious Metals had a return on equity of 4.17% and a net margin of 17.59%. The firm had revenue of $57.53 million for the quarter.

TFPM has been the topic of a number of other research reports. Jefferies Financial Group increased their price objective on Triple Flag Precious Metals from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Scotiabank dropped their price objective on Triple Flag Precious Metals from $20.50 to $20.00 and set a “sector outperform” rating on the stock in a report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and set a $19.00 price objective (up previously from $15.00) on shares of Triple Flag Precious Metals in a report on Wednesday, May 29th. Finally, Bank of America increased their price objective on Triple Flag Precious Metals from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.08.

Triple Flag Precious Metals Stock Down 1.3 %

Shares of NYSE TFPM opened at $16.00 on Wednesday. Triple Flag Precious Metals has a one year low of $11.75 and a one year high of $18.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.40 and a quick ratio of 4.40. The business’s fifty day moving average price is $16.10 and its 200-day moving average price is $14.61. The stock has a market capitalization of $3.22 billion, a PE ratio of 84.21, a P/E/G ratio of 0.98 and a beta of -0.14.

Triple Flag Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a $0.052 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.21 dividend on an annualized basis and a yield of 1.30%. Triple Flag Precious Metals’s dividend payout ratio is currently 110.53%.

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. increased its position in shares of Triple Flag Precious Metals by 112.7% during the 1st quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock valued at $110,000 after purchasing an additional 4,029 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Triple Flag Precious Metals by 51.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,125 shares of the company’s stock valued at $175,000 after purchasing an additional 4,475 shares during the last quarter. Meixler Investment Management Ltd. increased its position in shares of Triple Flag Precious Metals by 8.4% during the 4th quarter. Meixler Investment Management Ltd. now owns 14,575 shares of the company’s stock valued at $194,000 after purchasing an additional 1,125 shares during the last quarter. LB Partners LLC bought a new position in shares of Triple Flag Precious Metals during the 4th quarter valued at about $198,000. Finally, Aigen Investment Management LP bought a new position in shares of Triple Flag Precious Metals during the 4th quarter valued at about $209,000. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Company Profile

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.