Triple Flag Precious Metals Corp. (NYSE:TFPM – Free Report) – Equities researchers at National Bank Financial raised their Q3 2024 earnings per share estimates for Triple Flag Precious Metals in a note issued to investors on Thursday, August 8th. National Bank Financial analyst S. Nagle now expects that the company will earn $0.14 per share for the quarter, up from their previous forecast of $0.13. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.50 per share. National Bank Financial also issued estimates for Triple Flag Precious Metals’ Q4 2024 earnings at $0.16 EPS, FY2024 earnings at $0.55 EPS, FY2025 earnings at $0.70 EPS and FY2026 earnings at $0.57 EPS.
TFPM has been the topic of a number of other reports. Scotiabank lowered their price target on shares of Triple Flag Precious Metals from $20.50 to $20.00 and set a “sector outperform” rating on the stock in a research report on Thursday, July 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $19.00 price target (up from $15.00) on shares of Triple Flag Precious Metals in a research report on Wednesday, May 29th. Jefferies Financial Group increased their price target on Triple Flag Precious Metals from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Bank of America lifted their price objective on Triple Flag Precious Metals from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.08.
View Our Latest Stock Report on Triple Flag Precious Metals
Triple Flag Precious Metals Trading Up 0.8 %
Shares of TFPM stock opened at $15.05 on Monday. Triple Flag Precious Metals has a 12-month low of $11.75 and a 12-month high of $18.08. The company has a market capitalization of $3.03 billion, a PE ratio of 79.21, a price-to-earnings-growth ratio of 0.89 and a beta of -0.14. The firm has a 50 day moving average price of $15.51 and a two-hundred day moving average price of $14.92. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.03.
Institutional Investors Weigh In On Triple Flag Precious Metals
Large investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. raised its holdings in Triple Flag Precious Metals by 112.7% during the first quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock worth $110,000 after buying an additional 4,029 shares during the last quarter. Versor Investments LP acquired a new stake in shares of Triple Flag Precious Metals in the 2nd quarter worth about $160,000. CIBC Asset Management Inc bought a new position in Triple Flag Precious Metals in the 2nd quarter valued at about $179,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Triple Flag Precious Metals by 51.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,125 shares of the company’s stock valued at $175,000 after purchasing an additional 4,475 shares during the last quarter. Finally, Meixler Investment Management Ltd. boosted its stake in Triple Flag Precious Metals by 8.4% during the 4th quarter. Meixler Investment Management Ltd. now owns 14,575 shares of the company’s stock valued at $194,000 after purchasing an additional 1,125 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.
Triple Flag Precious Metals Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, August 30th. Triple Flag Precious Metals’s dividend payout ratio is currently 110.53%.
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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