Analysts Offer Predictions for TFPM Q3 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Stock analysts at Stifel Canada issued their Q3 2024 EPS estimates for Triple Flag Precious Metals in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst I. Rico expects that the company will post earnings of $0.14 per share for the quarter. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.53 per share. Stifel Canada also issued estimates for Triple Flag Precious Metals’ FY2024 earnings at $0.55 EPS and FY2025 earnings at $0.76 EPS.

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

Several other brokerages have also issued reports on TFPM. Scotiabank upped their target price on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group upped their price objective on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Triple Flag Precious Metals Price Performance

NYSE TFPM opened at $18.75 on Wednesday. Triple Flag Precious Metals has a 12-month low of $11.75 and a 12-month high of $18.88. The firm’s fifty day simple moving average is $16.40 and its two-hundred day simple moving average is $16.08. The company has a current ratio of 5.80, a quick ratio of 5.59 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.77 billion, a P/E ratio of 98.68, a P/E/G ratio of 1.22 and a beta of -0.14.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TFPM. Van ECK Associates Corp increased its holdings in Triple Flag Precious Metals by 0.9% in the 1st quarter. Van ECK Associates Corp now owns 3,557,484 shares of the company’s stock worth $51,406,000 after buying an additional 30,758 shares during the period. Cove Street Capital LLC increased its stake in shares of Triple Flag Precious Metals by 15.4% in the first quarter. Cove Street Capital LLC now owns 541,255 shares of the company’s stock worth $7,821,000 after acquiring an additional 72,249 shares during the period. Tidal Investments LLC purchased a new position in shares of Triple Flag Precious Metals during the first quarter worth $6,145,000. Dimensional Fund Advisors LP lifted its position in Triple Flag Precious Metals by 37.0% during the second quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company’s stock valued at $5,602,000 after purchasing an additional 97,630 shares during the period. Finally, Mountain Lake Investment Management LLC boosted its holdings in Triple Flag Precious Metals by 1.9% in the first quarter. Mountain Lake Investment Management LLC now owns 275,000 shares of the company’s stock valued at $3,974,000 after purchasing an additional 5,000 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.22 annualized dividend and a yield of 1.17%. Triple Flag Precious Metals’s payout ratio is presently 115.79%.

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.