Q1 2024 EPS Estimates for Triple Flag Precious Metals Corp. Lifted by Raymond James (NYSE:TFPM)

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Investment analysts at Raymond James upped their Q1 2024 earnings per share (EPS) estimates for Triple Flag Precious Metals in a research note issued to investors on Monday, April 8th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.11 for the quarter, up from their prior estimate of $0.09. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.44 per share. Raymond James also issued estimates for Triple Flag Precious Metals’ Q2 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.11 EPS and FY2024 earnings at $0.43 EPS.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $51.74 million during the quarter. Triple Flag Precious Metals had a return on equity of 3.64% and a net margin of 17.78%.

A number of other equities research analysts have also recently issued reports on the company. Bank of America upped their price objective on Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a “buy” rating in a research note on Monday, March 18th. TheStreet raised Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research note on Wednesday, December 27th. Finally, Jefferies Financial Group initiated coverage on Triple Flag Precious Metals in a research note on Thursday, February 29th. They issued a “buy” rating and a $14.00 price target for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $21.67.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals stock opened at $15.89 on Thursday. The firm has a market capitalization of $3.20 billion and a P/E ratio of 83.64. Triple Flag Precious Metals has a 1 year low of $11.75 and a 1 year high of $17.33. The business has a 50-day moving average of $13.52 and a 200-day moving average of $13.17. The company has a current ratio of 3.29, a quick ratio of 3.21 and a debt-to-equity ratio of 0.03.

Triple Flag Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.052 dividend. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, March 1st. Triple Flag Precious Metals’s payout ratio is currently 110.53%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several institutional investors have recently bought and sold shares of TFPM. Norges Bank purchased a new stake in Triple Flag Precious Metals during the 4th quarter valued at about $14,035,000. Beutel Goodman & Co Ltd. boosted its holdings in Triple Flag Precious Metals by 45.5% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 2,482,110 shares of the company’s stock valued at $33,205,000 after acquiring an additional 776,130 shares during the period. Montrusco Bolton Investments Inc. purchased a new stake in Triple Flag Precious Metals during the 3rd quarter valued at about $7,219,000. Cove Street Capital LLC purchased a new stake in Triple Flag Precious Metals during the 4th quarter valued at about $6,242,000. Finally, Stansberry Asset Management LLC boosted its holdings in Triple Flag Precious Metals by 326.6% during the 2nd quarter. Stansberry Asset Management LLC now owns 480,353 shares of the company’s stock valued at $6,619,000 after acquiring an additional 367,747 shares during the period. 82.91% of the stock is currently owned by hedge funds and other 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.