Triple Flag Precious Metals Corp. to Post FY2024 Earnings of $0.33 Per Share, National Bank Financial Forecasts (NYSE:TFPM)

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Equities researchers at National Bank Financial decreased their FY2024 earnings estimates for Triple Flag Precious Metals in a research report issued to clients and investors on Thursday, April 18th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.33 per share for the year, down from their prior forecast of $0.35. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.43 per share. National Bank Financial also issued estimates for Triple Flag Precious Metals’ FY2025 earnings at $0.40 EPS.

TFPM has been the topic of a number of other research reports. TheStreet raised shares of Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a report on Wednesday, December 27th. 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 report on Monday, March 18th. Finally, Jefferies Financial Group raised their price objective on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Monday. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $21.80.

Triple Flag Precious Metals Stock Performance

TFPM opened at $15.08 on Monday. The company has a current ratio of 3.29, a quick ratio of 3.21 and a debt-to-equity ratio of 0.03. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 79.37, a PEG ratio of 2.37 and a beta of -0.01. The company’s 50 day moving average is $13.87 and its 200 day moving average is $13.30. Triple Flag Precious Metals has a 12-month low of $11.75 and a 12-month high of $17.33.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data 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. The company had revenue of $51.74 million for the quarter. Triple Flag Precious Metals had a net margin of 17.78% and a return on equity of 3.64%.

Triple Flag Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a dividend of $0.052 per share. This represents a $0.21 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, March 1st. Triple Flag Precious Metals’s dividend payout ratio is currently 110.53%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several hedge funds have recently modified their holdings of TFPM. Merrion Investment Management Co LLC lifted its holdings in shares of Triple Flag Precious Metals by 254.7% in the third quarter. Merrion Investment Management Co LLC now owns 75,200 shares of the company’s stock worth $983,000 after buying an additional 54,000 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Triple Flag Precious Metals by 81.9% in the third quarter. Commonwealth Equity Services LLC now owns 122,590 shares of the company’s stock worth $1,602,000 after purchasing an additional 55,206 shares during the last quarter. Mackenzie Financial Corp increased its position in Triple Flag Precious Metals by 2.7% in the third quarter. Mackenzie Financial Corp now owns 75,402 shares of the company’s stock worth $962,000 after purchasing an additional 1,961 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Triple Flag Precious Metals by 2.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,594,649 shares of the company’s stock worth $20,983,000 after purchasing an additional 33,192 shares during the last quarter. Finally, TD Asset Management Inc increased its position in Triple Flag Precious Metals by 5.3% in the third quarter. TD Asset Management Inc now owns 412,636 shares of the company’s stock worth $5,430,000 after purchasing an additional 20,841 shares during the last quarter. Hedge funds and other 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.