National Bank Financial Predicts TFPM FY2024 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Investment analysts at National Bank Financial upped their FY2024 earnings per share estimates for shares of Triple Flag Precious Metals in a research report issued to clients and investors on Wednesday, November 6th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.56 per share for the year, up from their prior forecast of $0.55. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.55 per share. National Bank Financial also issued estimates for Triple Flag Precious Metals’ Q4 2024 earnings at $0.17 EPS, Q1 2025 earnings at $0.19 EPS and FY2026 earnings at $0.71 EPS.

Other research analysts also recently issued reports about the stock. Scotiabank increased their target price on shares of 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 raised their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One research 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Triple Flag Precious Metals Price Performance

Shares of NYSE:TFPM opened at $16.97 on Friday. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $18.88. The company’s 50-day moving average is $16.78 and its 200 day moving average is $16.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.59 and a current ratio of 3.18. The company has a market capitalization of $3.42 billion, a P/E ratio of -67.00, a price-to-earnings-growth ratio of 1.13 and a beta of -0.16.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. The business had revenue of $73.67 million for the quarter. During the same period in the prior year, the firm posted $0.09 EPS.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, November 29th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently -84.62%.

Institutional Trading of Triple Flag Precious Metals

A number of institutional investors have recently added to or reduced their stakes in TFPM. Tidal Investments LLC bought a new position in shares of Triple Flag Precious Metals in the first quarter worth $6,145,000. American Century Companies Inc. bought a new position in Triple Flag Precious Metals in the 2nd quarter worth about $2,389,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at about $2,191,000. Acadian Asset Management LLC bought a new stake in shares of Triple Flag Precious Metals during the 2nd quarter valued at about $1,705,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of 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 worth $5,602,000 after purchasing an additional 97,630 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.