Q3 Earnings Forecast for TFPM Issued By Stifel Canada

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Stock analysts at Stifel Canada issued their Q3 2024 EPS estimates for shares of Triple Flag Precious Metals in a note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico expects that the company will earn $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 issued its earnings results on Wednesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $63.58 million for the quarter. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%.

TFPM has been the topic of several other reports. Jefferies Financial Group raised their target price on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Scotiabank increased their price target on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. One investment 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, Triple Flag Precious Metals has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Triple Flag Precious Metals Stock Down 2.1 %

Triple Flag Precious Metals stock opened at $18.36 on Wednesday. The stock has a market cap of $3.70 billion, a P/E ratio of 96.53, a P/E/G ratio of 1.22 and a beta of -0.14. The company has a quick ratio of 5.59, a current ratio of 5.80 and a debt-to-equity ratio of 0.01. Triple Flag Precious Metals has a twelve month low of $11.75 and a twelve month high of $18.88. The company’s 50-day moving average price is $16.46 and its two-hundred day moving average price is $16.10.

Institutional Trading of Triple Flag Precious Metals

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. increased its holdings in shares of Triple Flag Precious Metals by 112.7% in the 1st quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after buying an additional 4,029 shares during the last quarter. Versor Investments LP bought a new position in shares of Triple Flag Precious Metals in the 2nd quarter worth $160,000. 1832 Asset Management L.P. purchased a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at $165,000. CIBC Asset Management Inc purchased a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at $179,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at $228,000. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Friday, August 30th. Triple Flag Precious Metals’s payout ratio is 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.