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 increased their Q2 2024 earnings estimates for shares of Triple Flag Precious Metals in a note issued to investors on Monday, April 22nd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.13 for the quarter, up from their previous estimate 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.

Several other analysts have also recently commented on TFPM. Bank of America raised their price objective on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a “buy” rating in a research note on Monday, March 18th. Jefferies Financial Group raised their price objective on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $21.80.

Triple Flag Precious Metals Stock Up 1.0 %

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

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Wednesday, February 21st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Triple Flag Precious Metals had a net margin of 17.78% and a return on equity of 3.64%. The company had revenue of $51.74 million during the quarter.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several hedge funds have recently added to or reduced their stakes in TFPM. Merrion Investment Management Co LLC increased its holdings in Triple Flag Precious Metals by 254.7% during the 3rd quarter. Merrion Investment Management Co LLC now owns 75,200 shares of the company’s stock valued at $983,000 after acquiring an additional 54,000 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Triple Flag Precious Metals by 81.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 122,590 shares of the company’s stock valued at $1,602,000 after acquiring an additional 55,206 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Triple Flag Precious Metals by 2.7% during the 3rd quarter. Mackenzie Financial Corp now owns 75,402 shares of the company’s stock valued at $962,000 after acquiring an additional 1,961 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Triple Flag Precious Metals by 2.1% during 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 buying an additional 33,192 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of Triple Flag Precious Metals by 5.3% during the third quarter. TD Asset Management Inc now owns 412,636 shares of the company’s stock worth $5,430,000 after buying an additional 20,841 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, March 1st. This represents a $0.21 annualized dividend and a yield of 1.27%. Triple Flag Precious Metals’s dividend payout ratio (DPR) 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.