Q2 2024 EPS Estimates for Triple Flag Precious Metals Corp. (NYSE:TFPM) Boosted by Raymond James

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Investment analysts at Raymond James lifted their Q2 2024 earnings estimates for Triple Flag Precious Metals in a report released on Monday, April 22nd. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.13 for the quarter, up from their previous forecast of $0.10. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.46 per share. Raymond James also issued estimates for Triple Flag Precious Metals’ Q3 2024 earnings at $0.15 EPS, Q4 2024 earnings at $0.15 EPS and FY2024 earnings at $0.55 EPS.

Triple Flag Precious Metals (NYSE:TFPM) last posted 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. The business had revenue of $51.74 million during the quarter. Triple Flag Precious Metals had a net margin of 17.78% and a return on equity of 3.64%.

Other analysts have also issued reports about the stock. Bank of America increased their price target on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a “buy” rating in a research report on Monday, March 18th. Jefferies Financial Group increased their price target on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Triple Flag Precious Metals currently has a consensus rating of “Buy” and a consensus target price of $21.80.

Triple Flag Precious Metals Price Performance

NYSE TFPM opened at $16.36 on Thursday. The company has a 50 day simple moving average of $14.17 and a 200-day simple moving average of $13.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.29 and a quick ratio of 3.21. The firm has a market capitalization of $3.29 billion and a price-to-earnings ratio of 86.11. Triple Flag Precious Metals has a 52-week low of $11.75 and a 52-week high of $17.33.

Triple Flag Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.052 per share. This represents a $0.21 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, March 1st. Triple Flag Precious Metals’s payout ratio is presently 110.53%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. raised its position 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 valued at $110,000 after acquiring an additional 4,029 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new position in Triple Flag Precious Metals during the third quarter valued at approximately $134,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Triple Flag Precious Metals by 51.7% during the fourth 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. Meixler Investment Management Ltd. grew its holdings in Triple Flag Precious Metals by 10.6% during the third quarter. Meixler Investment Management Ltd. now owns 13,450 shares of the company’s stock valued at $176,000 after purchasing an additional 1,287 shares during the last quarter. Finally, LB Partners LLC acquired a new position in Triple Flag Precious Metals during the fourth quarter valued at approximately $198,000. 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.