Triple Flag Precious Metals Corp. (NYSE:TFPM – Free Report) – Research analysts at Raymond James decreased their Q3 2024 earnings estimates for shares of Triple Flag Precious Metals in a research note issued on Wednesday, May 8th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.14 for the quarter, down from their prior forecast of $0.15. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.48 per share. Raymond James also issued estimates for Triple Flag Precious Metals’ FY2024 earnings at $0.54 EPS.
Several other brokerages also recently commented on TFPM. Jefferies Financial Group lifted their target price on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Bank of America upped their price objective on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a “buy” rating in a research note on Monday, March 18th.
Check Out Our Latest Stock Analysis on TFPM
Triple Flag Precious Metals Stock Performance
Shares of TFPM stock opened at $16.45 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.21 and a current ratio of 4.40. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $16.72. The company has a market capitalization of $3.31 billion, a P/E ratio of 86.58, a PEG ratio of 2.37 and a beta of -0.12. The stock has a 50 day moving average price of $14.97 and a two-hundred day moving average price of $13.61.
Triple Flag Precious Metals (NYSE:TFPM – Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $51.74 million for the quarter. Triple Flag Precious Metals had a return on equity of 4.17% and a net margin of 17.59%.
Triple Flag Precious Metals Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.052 dividend. This represents a $0.21 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, May 31st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently 110.53%.
Institutional Investors Weigh In On Triple Flag Precious Metals
A number of large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in shares of Triple Flag Precious Metals by 81.9% during the third quarter. Commonwealth Equity Services LLC now owns 122,590 shares of the company’s stock valued at $1,602,000 after purchasing an additional 55,206 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Triple Flag Precious Metals by 2.7% during the 3rd quarter. Mackenzie Financial Corp now owns 75,402 shares of the company’s stock valued at $962,000 after buying an additional 1,961 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Triple Flag Precious Metals by 5.3% in the 3rd quarter. TD Asset Management Inc now owns 412,636 shares of the company’s stock worth $5,430,000 after acquiring an additional 20,841 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in Triple Flag Precious Metals by 24.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,187 shares of the company’s stock valued at $198,000 after acquiring an additional 3,026 shares during the period. Finally, Euro Pacific Asset Management LLC boosted its stake in Triple Flag Precious Metals by 19.5% during the third quarter. Euro Pacific Asset Management LLC now owns 409,635 shares of the company’s stock worth $5,353,000 after acquiring an additional 66,944 shares in the last quarter. 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.
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