FY2024 EPS Estimates for Triple Flag Precious Metals Corp. Decreased by National Bank Financial (NYSE:TFPM)

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Equities research analysts at National Bank Financial reduced their FY2024 earnings estimates for shares of Triple Flag Precious Metals in a research report issued on Thursday, April 18th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.33 per share for the year, down from their prior forecast of $0.35. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.43 per share. National Bank Financial also issued estimates for Triple Flag Precious Metals’ FY2025 earnings at $0.40 EPS.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data 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 for the quarter. Triple Flag Precious Metals had a net margin of 17.78% and a return on equity of 3.64%.

TFPM has been the topic of a number of other research reports. Jefferies Financial Group raised their target price on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Monday. Bank of America lifted their price target on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, TheStreet upgraded shares of Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a report on Wednesday, December 27th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $21.80.

Triple Flag Precious Metals Stock Performance

Shares of Triple Flag Precious Metals stock opened at $15.08 on Monday. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $17.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.29 and a quick ratio of 3.21. The firm has a market capitalization of $3.03 billion, a P/E ratio of 79.37, a P/E/G ratio of 2.37 and a beta of -0.01. The company’s 50 day moving average price is $13.87 and its two-hundred day moving average price is $13.30.

Triple Flag Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.052 per share. This represents a $0.21 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, March 1st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 110.53%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ninety One UK Ltd boosted its stake in Triple Flag Precious Metals by 11.4% in the fourth quarter. Ninety One UK Ltd now owns 1,673,299 shares of the company’s stock valued at $22,385,000 after acquiring an additional 171,131 shares during the last quarter. Sprott Inc. boosted its stake in Triple Flag Precious Metals by 3.6% in the third quarter. Sprott Inc. now owns 3,296,455 shares of the company’s stock valued at $46,355,000 after acquiring an additional 113,767 shares during the last quarter. Euro Pacific Asset Management LLC lifted its stake in shares of Triple Flag Precious Metals by 2.4% during the 4th quarter. Euro Pacific Asset Management LLC now owns 419,635 shares of the company’s stock valued at $5,586,000 after buying an additional 10,000 shares in the last quarter. Montrusco Bolton Investments Inc. purchased a new stake in shares of Triple Flag Precious Metals during the 3rd quarter valued at approximately $7,219,000. Finally, Citigroup Inc. purchased a new stake in shares of Triple Flag Precious Metals during the 3rd quarter valued at approximately $549,000. 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.