Q3 Earnings Forecast for TFPM Issued By Stifel Canada

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Research analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for shares of Triple Flag Precious Metals in a report released on Monday, October 21st. Stifel Canada analyst I. Rico anticipates that the company will post earnings per share of $0.14 for the quarter. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.53 per share. Stifel Canada also issued estimates for Triple Flag Precious Metals’ FY2024 earnings at $0.55 EPS and FY2025 earnings at $0.76 EPS.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. The firm had revenue of $63.58 million for the quarter.

TFPM has been the topic of a number of other reports. Jefferies Financial Group raised their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Scotiabank raised their price target on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Triple Flag Precious Metals Price Performance

Shares of Triple Flag Precious Metals stock opened at $18.36 on Wednesday. Triple Flag Precious Metals has a one year low of $11.75 and a one year high of $18.88. The stock’s fifty day moving average is $16.46 and its 200 day moving average is $16.10. The stock has a market cap of $3.70 billion, a P/E ratio of 96.53, a P/E/G ratio of 1.22 and a beta of -0.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.59 and a current ratio of 5.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TFPM. Tidal Investments LLC bought a new stake in shares of Triple Flag Precious Metals during the first quarter valued at approximately $6,145,000. Forge First Asset Management Inc. bought a new position in Triple Flag Precious Metals in the first quarter worth approximately $737,000. American Century Companies Inc. bought a new position in Triple Flag Precious Metals in the second quarter worth approximately $2,389,000. Acadian Asset Management LLC bought a new position in Triple Flag Precious Metals in the second quarter worth approximately $1,705,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Triple Flag Precious Metals in the second quarter worth approximately $2,191,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.055 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.22 annualized dividend and a yield of 1.20%. Triple Flag Precious Metals’s dividend payout ratio is currently 115.79%.

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.