Scotiabank Has Pessimistic Outlook of TFPM FY2027 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Scotiabank decreased their FY2027 earnings estimates for Triple Flag Precious Metals in a research note issued to investors on Friday, June 26th. Scotiabank analyst T. Jakusconek now anticipates that the company will earn $1.14 per share for the year, down from their previous forecast of $1.27. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $1.52 per share.

A number of other brokerages have also issued reports on TFPM. Wall Street Zen raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings cut shares of Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a report on Friday, June 12th. Finally, Canaccord Genuity Group raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Triple Flag Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Triple Flag Precious Metals Stock Down 0.5%

Triple Flag Precious Metals stock opened at $29.96 on Wednesday. The company has a 50 day moving average of $31.26 and a 200-day moving average of $34.19. Triple Flag Precious Metals has a twelve month low of $22.60 and a twelve month high of $41.70. The stock has a market capitalization of $6.19 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 3.18 and a beta of -0.22.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. The business had revenue of $147.00 million during the quarter, compared to analysts’ expectations of $147.00 million.

Institutional Trading of Triple Flag Precious Metals

Institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Triple Flag Precious Metals by 39.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock worth $77,373,000 after purchasing an additional 753,923 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Triple Flag Precious Metals by 25.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company’s stock valued at $76,908,000 after buying an additional 530,357 shares in the last quarter. Van ECK Associates Corp grew its holdings in Triple Flag Precious Metals by 10.8% in the 3rd quarter. Van ECK Associates Corp now owns 2,555,954 shares of the company’s stock valued at $75,244,000 after buying an additional 250,123 shares in the last quarter. Tidal Investments LLC increased its position in Triple Flag Precious Metals by 59.5% during the 3rd quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock worth $70,113,000 after buying an additional 893,566 shares during the period. Finally, Vanguard Group Inc. increased its position in Triple Flag Precious Metals by 82.2% during the 4th quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company’s stock worth $56,198,000 after buying an additional 762,826 shares during the period. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.0575 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Triple Flag Precious Metals’s dividend payout ratio is presently 15.23%.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.