Scotiabank Analysts Increase Earnings Estimates for TFPM

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Scotiabank upped their FY2027 earnings estimates for Triple Flag Precious Metals in a research report issued to clients and investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $1.16 per share for the year, up from their prior estimate of $1.14. Scotiabank currently has a “Sector Perform” rating and a $39.00 target price on the stock. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $1.36 per share.

Several other research firms have also issued reports on TFPM. Weiss Ratings lowered Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Wall Street Zen cut shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Friday, June 12th. Zacks Research downgraded shares of Triple Flag Precious Metals from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Finally, Canaccord Genuity Group raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Friday, June 12th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Triple Flag Precious Metals currently has a consensus rating of “Moderate Buy” and an average target price of $38.67.

Triple Flag Precious Metals Price Performance

Shares of NYSE TFPM opened at $27.42 on Monday. The stock has a market capitalization of $5.66 billion, a PE ratio of 18.16, a P/E/G ratio of 2.55 and a beta of -0.19. The business has a fifty day moving average price of $29.96 and a two-hundred day moving average price of $33.64. Triple Flag Precious Metals has a fifty-two week low of $22.60 and a fifty-two week high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%.The business had revenue of $147.00 million for the quarter, compared to the consensus estimate of $147.00 million.

Hedge Funds Weigh In On Triple Flag Precious Metals

Institutional investors have recently modified their holdings of the business. Banque Cantonale Vaudoise bought a new stake in shares of Triple Flag Precious Metals during the 1st quarter worth $33,000. Quarry LP bought a new position in Triple Flag Precious Metals in the third quarter valued at about $33,000. Aventura Private Wealth LLC bought a new position in Triple Flag Precious Metals in the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC raised its stake in Triple Flag Precious Metals by 120.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock worth $40,000 after acquiring an additional 664 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Triple Flag Precious Metals by 160.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,015 shares of the company’s stock worth $119,000 after acquiring an additional 3,086 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.0575 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.23 annualized dividend and a dividend yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 15.23%.

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.