FY2025 Earnings Forecast for TFPM Issued By Raymond James

Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) - Equities research analysts at Raymond James increased their FY2025 EPS estimates for shares of Triple Flag Precious Metals in a report issued on Wednesday, May 7th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.81 per share for the year, up from their prior forecast of $0.79. Raymond James has a "Outperform" rating on the stock. The consensus estimate for Triple Flag Precious Metals' current full-year earnings is $0.71 per share.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. The business had revenue of $82.25 million during the quarter, compared to analysts' expectations of $72.14 million.

A number of other brokerages have also recently issued reports on TFPM. BMO Capital Markets reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, April 23rd. Jefferies Financial Group increased their price target on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $22.00.

Triple Flag Precious Metals Stock Down 0.7%

Shares of Triple Flag Precious Metals stock traded down $0.14 during trading on Monday, reaching $19.95. The company's stock had a trading volume of 473,006 shares, compared to its average volume of 297,669. Triple Flag Precious Metals has a 52-week low of $13.94 and a 52-week high of $22.96. The company has a market cap of $4.01 billion, a price-to-earnings ratio of -181.36, a PEG ratio of 0.78 and a beta of -0.27. The firm's 50-day moving average is $20.02 and its two-hundred day moving average is $17.63.

Institutional Investors Weigh In On Triple Flag Precious Metals

Institutional investors and hedge funds have recently modified their holdings of the stock. Versor Investments LP increased its stake in shares of Triple Flag Precious Metals by 30.8% in the 1st quarter. Versor Investments LP now owns 23,804 shares of the company's stock worth $455,000 after acquiring an additional 5,600 shares in the last quarter. American Century Companies Inc. lifted its holdings in Triple Flag Precious Metals by 0.8% during the first quarter. American Century Companies Inc. now owns 241,071 shares of the company's stock valued at $4,612,000 after purchasing an additional 1,876 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Triple Flag Precious Metals by 2.5% during the first quarter. Russell Investments Group Ltd. now owns 28,561 shares of the company's stock valued at $546,000 after buying an additional 703 shares during the last quarter. Nuveen LLC purchased a new stake in Triple Flag Precious Metals during the first quarter valued at $1,046,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Triple Flag Precious Metals by 141.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 233,500 shares of the company's stock valued at $4,468,000 after acquiring an additional 136,900 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.055 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 1.10%. Triple Flag Precious Metals's dividend payout ratio is 733.33%.

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.