Raymond James Has Bullish Forecast for TFPM Q4 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Investment analysts at Raymond James boosted their Q4 2024 earnings per share (EPS) estimates for shares of Triple Flag Precious Metals in a research report issued on Wednesday, January 15th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.16 per share for the quarter, up from their prior forecast of $0.14. 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’ Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.68 EPS.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $73.67 million for the quarter. During the same period last year, the firm posted $0.09 earnings per share.

Separately, Jefferies Financial Group boosted their target price on 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 Price Performance

TFPM opened at $15.76 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.18. Triple Flag Precious Metals has a 52-week low of $11.75 and a 52-week high of $18.88. The stock has a market capitalization of $3.17 billion, a PE ratio of -60.61, a price-to-earnings-growth ratio of 0.66 and a beta of -0.09. The stock’s 50 day moving average price is $15.95 and its 200-day moving average price is $16.19.

Triple Flag Precious Metals Dividend Announcement

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

Institutional Investors Weigh In On Triple Flag Precious Metals

Several hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings 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 in the last quarter. Van ECK Associates Corp boosted its holdings in Triple Flag Precious Metals by 2.1% in the third quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company’s stock worth $56,588,000 after acquiring an additional 71,894 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Triple Flag Precious Metals by 18.0% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company’s stock worth $25,838,000 after acquiring an additional 242,906 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its holdings in Triple Flag Precious Metals by 9.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 697,000 shares of the company’s stock worth $11,299,000 after acquiring an additional 57,751 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in Triple Flag Precious Metals by 1.8% in the third quarter. Tidal Investments LLC now owns 533,520 shares of the company’s stock worth $8,632,000 after acquiring an additional 9,184 shares in the last quarter. 82.91% of the stock is owned by 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.