Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) - Investment analysts at Raymond James raised their Q1 2024 earnings estimates for Triple Flag Precious Metals in a research note issued to investors on Monday, April 8th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.11 for the quarter, up from their prior estimate of $0.09. The consensus estimate for Triple Flag Precious Metals' current full-year earnings is $0.40 per share. Raymond James also issued estimates for Triple Flag Precious Metals' Q2 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.11 EPS and FY2024 earnings at $0.43 EPS.
Several other research analysts also recently commented on the stock. Jefferies Financial Group began coverage on shares of Triple Flag Precious Metals in a report on Thursday, February 29th. They issued a "buy" rating and a $14.00 target price on the stock. Bank of America lifted their target price on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a "buy" rating in a report on Monday, March 18th. Finally, TheStreet upgraded shares of Triple Flag Precious Metals from a "d+" rating to a "c-" rating in a report on Wednesday, December 27th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $21.67.
View Our Latest Analysis on TFPM
Triple Flag Precious Metals Stock Up 2.0 %
Shares of NYSE:TFPM traded up $0.32 during trading on Thursday, reaching $16.13. 272,762 shares of the company traded hands, compared to its average volume of 153,361. The firm has a market cap of $3.24 billion and a P/E ratio of 84.90. The firm has a fifty day simple moving average of $13.46 and a 200 day simple moving average of $13.15. 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 1-year low of $11.75 and a 1-year high of $17.33.
Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $51.74 million during the quarter. Triple Flag Precious Metals had a net margin of 17.78% and a return on equity of 3.64%.
Triple Flag Precious Metals Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.052 per share. This represents a $0.21 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, March 1st. Triple Flag Precious Metals's payout ratio is 110.53%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd acquired a new position in Triple Flag Precious Metals during the third quarter worth $33,000. JPMorgan Chase & Co. acquired a new stake in Triple Flag Precious Metals in the fourth quarter valued at $48,000. Deutsche Bank AG acquired a new stake in Triple Flag Precious Metals in the first quarter valued at $63,000. US Bancorp DE lifted its stake in Triple Flag Precious Metals by 1,146.4% in the fourth quarter. US Bancorp DE now owns 5,397 shares of the company's stock valued at $72,000 after acquiring an additional 4,964 shares during the last quarter. Finally, Royal Bank of Canada acquired a new stake in Triple Flag Precious Metals in the third quarter valued at $69,000. Institutional investors and hedge funds own 82.91% of the company's stock.
About Triple Flag Precious Metals
(
Get Free Report)
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.
Further Reading
Before you consider Triple Flag Precious Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Triple Flag Precious Metals wasn't on the list.
While Triple Flag Precious Metals currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
