National Bank Financial Equities Analysts Cut Earnings Estimates for Triple Flag Precious Metals Corp. (NYSE:TFPM)

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Stock analysts at National Bank Financial dropped their FY2024 EPS estimates for Triple Flag Precious Metals in a note issued to investors on Thursday, April 18th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.33 for the year, down from their previous estimate 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.

Several other analysts have also commented on TFPM. Bank of America raised their price target on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a “buy” rating in a research report on Monday, March 18th. TheStreet upgraded shares of Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research report on Wednesday, December 27th. Finally, Jefferies Financial Group lifted their target price on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Monday. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Triple Flag Precious Metals has a consensus rating of “Buy” and a consensus price target of $21.80.

Triple Flag Precious Metals Stock Up 4.4 %

TFPM stock opened at $15.74 on Monday. The firm has a market cap of $3.16 billion, a PE ratio of 82.85, a P/E/G ratio of 2.37 and a beta of -0.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.21 and a current ratio of 3.29. The firm’s fifty day moving average is $13.94 and its 200 day moving average is $13.31. Triple Flag Precious Metals has a one year low of $11.75 and a one year high of $17.33.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.09 EPS for the quarter, beating the consensus estimate 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%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several hedge funds and other institutional investors have recently modified their holdings of TFPM. Norges Bank purchased a new position in shares of Triple Flag Precious Metals in the fourth quarter worth about $14,035,000. Beutel Goodman & Co Ltd. lifted its stake in shares of 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. purchased a new position in shares of Triple Flag Precious Metals in the third quarter worth about $7,219,000. Cove Street Capital LLC purchased a new position in shares of Triple Flag Precious Metals in the fourth quarter worth about $6,242,000. Finally, Van ECK Associates Corp lifted its stake in shares of Triple Flag Precious Metals by 5.8% in the fourth quarter. Van ECK Associates Corp now owns 3,526,726 shares of the company’s stock worth $46,941,000 after buying an additional 194,276 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.052 dividend. This represents a $0.21 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Friday, March 1st. Triple Flag Precious Metals’s dividend payout ratio is currently 110.53%.

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.