Raymond James Financial Weighs in on TFPM FY2025 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) - Analysts at Raymond James Financial lowered their FY2025 earnings per share (EPS) estimates for Triple Flag Precious Metals in a note issued to investors on Wednesday, July 9th. Raymond James Financial analyst B. Macarthur now expects that the company will earn $0.79 per share for the year, down from their previous estimate of $0.81. Raymond James Financial currently has a "Outperform" rating on the stock. The consensus estimate for Triple Flag Precious Metals' current full-year earnings is $0.71 per share.

Other research analysts have also issued reports about the company. Jefferies Financial Group increased their price objective on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. BMO Capital Markets lowered Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 25th. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. Scotiabank reiterated a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Finally, TD Securities restated a "buy" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.00.

Triple Flag Precious Metals Stock Up 0.1%

Triple Flag Precious Metals stock traded up $0.03 during mid-day trading on Friday, hitting $23.63. 415,477 shares of the company were exchanged, compared to its average volume of 403,161. The business has a fifty day moving average of $22.90 and a 200 day moving average of $19.66. Triple Flag Precious Metals has a 1-year low of $13.94 and a 1-year high of $25.45. The company has a market capitalization of $4.75 billion, a PE ratio of 787.67, a price-to-earnings-growth ratio of 1.08 and a beta of -0.20.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. Triple Flag Precious Metals had a return on equity of 7.69% and a net margin of 1.71%. The business had revenue of $82.25 million during the quarter, compared to analyst estimates of $72.14 million.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several hedge funds have recently added to or reduced their stakes in TFPM. Goldman Sachs Group Inc. boosted its holdings in Triple Flag Precious Metals by 69.8% during the first quarter. Goldman Sachs Group Inc. now owns 305,826 shares of the company's stock worth $5,857,000 after buying an additional 125,746 shares during the last quarter. SCS Capital Management LLC bought a new position in Triple Flag Precious Metals during the first quarter worth about $15,179,000. Ascent Group LLC bought a new position in Triple Flag Precious Metals during the first quarter worth about $327,000. Mountain Lake Investment Management LLC acquired a new stake in shares of Triple Flag Precious Metals during the first quarter worth about $932,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Triple Flag Precious Metals by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,648,973 shares of the company's stock worth $31,542,000 after purchasing an additional 173,881 shares during the period. Institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.93%. The ex-dividend date was Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio is 733.33%.

About Triple Flag Precious Metals

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.