What is Raymond James’ Estimate for TFPM FY2024 Earnings?

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Analysts at Raymond James lifted their FY2024 earnings estimates for shares of Triple Flag Precious Metals in a research note issued to investors on Wednesday, January 15th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.55 for the year, up from their previous estimate of $0.54. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.55 per share. Raymond James also issued estimates for Triple Flag Precious Metals’ Q1 2025 earnings at $0.17 EPS and Q2 2025 earnings at $0.17 EPS.

Separately, Jefferies Financial Group raised 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 report on Friday, October 4th.

Triple Flag Precious Metals Price Performance

Shares of NYSE:TFPM opened at $15.76 on Friday. The company has a 50 day moving average of $15.98 and a 200 day moving average of $16.19. The company has a current ratio of 3.18, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02. The stock has a market cap of $3.17 billion, a P/E ratio of -60.61, a P/E/G ratio of 0.66 and a beta of -0.09. 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 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter. During the same period in the previous year, the firm earned $0.09 EPS.

Institutional Investors Weigh In On Triple Flag Precious Metals

Hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC increased its holdings in shares of Triple Flag Precious Metals by 6.0% in the 3rd quarter. Virtu Financial LLC now owns 15,066 shares of the company’s stock worth $244,000 after buying an additional 857 shares during the last quarter. Quadrature Capital Ltd grew its position in Triple Flag Precious Metals by 3.0% in the third quarter. Quadrature Capital Ltd now owns 34,800 shares of the company’s stock worth $564,000 after acquiring an additional 1,000 shares in the last quarter. Versor Investments LP increased its stake in Triple Flag Precious Metals by 47.6% in the third quarter. Versor Investments LP now owns 15,204 shares of the company’s stock valued at $246,000 after acquiring an additional 4,904 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Triple Flag Precious Metals during the third quarter valued at about $111,000. Finally, Meixler Investment Management Ltd. lifted its stake in Triple Flag Precious Metals by 43.7% during the third quarter. Meixler Investment Management Ltd. now owns 23,862 shares of the company’s stock worth $386,000 after purchasing an additional 7,262 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, November 29th. Triple Flag Precious Metals’s dividend payout ratio (DPR) is -84.62%.

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.