What is Scotiabank’s Forecast for TFPM FY2024 Earnings?

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Equities research analysts at Scotiabank increased their FY2024 EPS estimates for shares of Triple Flag Precious Metals in a report released on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings of $0.54 per share for the year, up from their previous estimate of $0.53. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.56 per share. Scotiabank also issued estimates for Triple Flag Precious Metals’ FY2025 earnings at $0.70 EPS and FY2026 earnings at $0.75 EPS.

Separately, Jefferies Financial Group boosted their price target on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 4th.

Triple Flag Precious Metals Trading Up 0.7 %

NYSE TFPM opened at $15.48 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.18 and a quick ratio of 3.05. The stock has a market capitalization of $3.12 billion, a P/E ratio of -59.54, a PEG ratio of 0.86 and a beta of -0.09. The firm’s 50-day moving average is $16.11 and its two-hundred day moving average is $16.19. Triple Flag Precious Metals has a 12 month low of $11.75 and a 12 month high of $18.88.

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

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.22 annualized dividend and a dividend yield of 1.42%. Triple Flag Precious Metals’s dividend payout ratio is presently -84.62%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Triple Flag Precious Metals by 8.9% in the third quarter. FMR LLC now owns 4,061,121 shares of the company’s stock worth $65,761,000 after acquiring an additional 333,574 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Triple Flag Precious Metals by 18.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock worth $25,838,000 after purchasing an additional 242,906 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Triple Flag Precious Metals by 151.1% during the third quarter. Bank of Montreal Can now owns 367,936 shares of the company’s stock worth $6,042,000 after purchasing an additional 221,389 shares in the last quarter. American Century Companies Inc. purchased a new position in Triple Flag Precious Metals in the second quarter valued at $2,389,000. Finally, Acadian Asset Management LLC acquired a new stake in Triple Flag Precious Metals in the second quarter valued at $1,705,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

About Triple Flag Precious Metals

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.