Brokers Set Expectations for Triple Flag Precious Metals Corp.'s Q2 2024 Earnings (NYSE:TFPM)

Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) - Equities researchers at Raymond James upped their Q2 2024 EPS estimates for Triple Flag Precious Metals in a report issued on Monday, April 22nd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.13 for the quarter, up from their prior estimate of $0.10. The consensus estimate for Triple Flag Precious Metals' current full-year earnings is $0.43 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.

A number of other equities analysts have also weighed in on TFPM. TheStreet upgraded shares of Triple Flag Precious Metals from a "d+" rating to a "c-" rating in a report on Wednesday, December 27th. Jefferies Financial Group lifted their price target on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the company a "buy" rating in a report on Monday. Finally, Bank of America lifted 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 report on Monday, March 18th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $21.80.

Triple Flag Precious Metals Trading Up 2.3 %

Shares of TFPM traded up $0.36 during mid-day trading on Thursday, reaching $16.20. The company had a trading volume of 234,844 shares, compared to its average volume of 159,688. The stock has a market cap of $3.26 billion and a price-to-earnings ratio of 85.27. The firm has a fifty day simple moving average of $14.09 and a 200-day simple moving average of $13.35. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $17.33. The company has a current ratio of 3.29, a quick ratio of 3.21 and a debt-to-equity ratio of 0.03.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $51.74 million for the quarter.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, March 1st. Triple Flag Precious Metals's dividend payout ratio is presently 110.53%.

Hedge Funds Weigh In On Triple Flag Precious Metals

Hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. raised its stake in shares of Triple Flag Precious Metals by 112.7% in the 1st quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company's stock valued at $110,000 after acquiring an additional 4,029 shares during the period. Tocqueville Asset Management L.P. purchased a new stake in Triple Flag Precious Metals during the 3rd quarter worth $134,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Triple Flag Precious Metals by 51.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,125 shares of the company's stock worth $175,000 after buying an additional 4,475 shares during the period. Meixler Investment Management Ltd. increased its stake in Triple Flag Precious Metals by 10.6% during the 3rd quarter. Meixler Investment Management Ltd. now owns 13,450 shares of the company's stock worth $176,000 after buying an additional 1,287 shares during the period. Finally, Orion Portfolio Solutions LLC increased its stake in Triple Flag Precious Metals by 24.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,187 shares of the company's stock worth $198,000 after buying an additional 3,026 shares during the period. Hedge funds and other institutional investors own 82.91% of the company's stock.

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.