Equities Analysts Issue Forecasts for TFPM FY2025 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) - Equities research analysts at Raymond James Financial reduced their FY2025 earnings per share (EPS) estimates for shares of Triple Flag Precious Metals in a research report issued on Wednesday, July 9th. Raymond James Financial analyst B. Macarthur now forecasts that the company will post earnings of $0.79 per share for the year, down from their previous forecast 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.

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

Several other equities analysts have also weighed in on the company. Jefferies Financial Group lifted their price target on Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. National Bank Financial raised Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. BMO Capital Markets lowered Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Finally, Royal Bank Of Canada boosted their price target on shares of Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.00.

Triple Flag Precious Metals Price Performance

TFPM stock traded up $0.29 during midday trading on Friday, hitting $23.57. 543,725 shares of the stock traded hands, compared to its average volume of 343,242. The stock's fifty day simple moving average is $22.84 and its 200-day simple moving average is $19.54. The firm has a market cap of $4.73 billion, a P/E ratio of 35.27, a PEG ratio of 1.07 and a beta of -0.20. Triple Flag Precious Metals has a 1-year low of $13.94 and a 1-year high of $25.45.

Institutional Trading of Triple Flag Precious Metals

Several large investors have recently made changes to their positions in the company. Barclays PLC grew its position in shares of Triple Flag Precious Metals by 65.4% in the fourth quarter. Barclays PLC now owns 235,658 shares of the company's stock valued at $3,544,000 after purchasing an additional 93,214 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Triple Flag Precious Metals by 43.2% in the 4th quarter. Bank of America Corp DE now owns 381,554 shares of the company's stock worth $5,739,000 after acquiring an additional 115,103 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Triple Flag Precious Metals during the 4th quarter worth $464,000. Public Employees Retirement System of Ohio acquired a new position in shares of Triple Flag Precious Metals during the 4th quarter valued at about $255,000. Finally, Renaissance Technologies LLC boosted its position in shares of Triple Flag Precious Metals by 9.0% during the 4th quarter. Renaissance Technologies LLC now owns 98,900 shares of the company's stock valued at $1,487,000 after acquiring an additional 8,200 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Announces Dividend

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