Triple Flag Precious Metals Corp. (NYSE:TFPM – Free Report) – Analysts at National Bank Financial raised their Q2 2024 earnings per share (EPS) estimates for shares of Triple Flag Precious Metals in a research note issued on Wednesday, May 8th. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of $0.13 for the quarter, up from their previous forecast of $0.11. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.46 per share. National Bank Financial also issued estimates for Triple Flag Precious Metals’ Q3 2024 earnings at $0.13 EPS.
TFPM has been the subject of several other research reports. Bank of America raised their price objective on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a “buy” rating in a research note on Monday, March 18th. Jefferies Financial Group raised their price target on 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.
View Our Latest Analysis on Triple Flag Precious Metals
Triple Flag Precious Metals Price Performance
TFPM stock opened at $16.46 on Friday. The stock has a market cap of $3.31 billion, a PE ratio of 86.64, a P/E/G ratio of 2.34 and a beta of -0.12. Triple Flag Precious Metals has a 12 month low of $11.75 and a 12 month high of $16.72. The company has a 50-day moving average price of $14.89 and a 200 day moving average price of $13.58. The company has a current ratio of 3.29, a quick ratio of 3.21 and a debt-to-equity ratio of 0.03.
Triple Flag Precious Metals (NYSE:TFPM – Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Triple Flag Precious Metals had a return on equity of 3.64% and a net margin of 17.78%. The company had revenue of $51.74 million during the quarter.
Triple Flag Precious Metals Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.052 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.21 dividend on an annualized basis and a yield of 1.26%. Triple Flag Precious Metals’s dividend payout ratio is currently 110.53%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of TFPM. Norges Bank bought a new stake in shares of Triple Flag Precious Metals in the 4th quarter valued at about $14,035,000. Beutel Goodman & Co Ltd. raised its stake in Triple Flag Precious Metals by 45.5% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,482,110 shares of the company’s stock worth $33,205,000 after buying an additional 776,130 shares in the last quarter. Montrusco Bolton Investments Inc. bought a new position in Triple Flag Precious Metals in the third quarter worth approximately $7,219,000. Cove Street Capital LLC purchased a new stake in Triple Flag Precious Metals during the fourth quarter worth $6,242,000. Finally, U S Global Investors Inc. boosted its position in Triple Flag Precious Metals by 320.6% during the 1st quarter. U S Global Investors Inc. now owns 315,461 shares of the company’s stock valued at $4,559,000 after acquiring an additional 240,461 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other 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.
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