Scotiabank Has Positive Outlook for TFPM FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for Triple Flag Precious Metals to $1.35 from $1.25, while maintaining a “Sector Perform” rating and a $39 price target. The estimate remains slightly below the $1.40 consensus.
• Triple Flag exceeded quarterly expectations, reporting $0.39 EPS versus the $0.33 consensus on revenue of $129.2 million. Analysts overall assign the stock a “Moderate Buy” consensus rating with an average target price of $38.67.
• The company declared a quarterly dividend of $0.06 per share, equivalent to $0.24 annually and a 0.7% yield; institutional investors own approximately 82.9% of the stock.

Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) - Analysts at Scotiabank increased their FY2026 earnings per share estimates for Triple Flag Precious Metals in a report issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings of $1.35 per share for the year, up from their previous estimate of $1.25. Scotiabank has a "Sector Perform" rating and a $39.00 price target on the stock. The consensus estimate for Triple Flag Precious Metals' current full-year earnings is $1.40 per share.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%.The company had revenue of $129.20 million for the quarter, compared to the consensus estimate of $129.20 million.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity Group upgraded shares of Triple Flag Precious Metals from a "hold" rating to a "buy" rating in a research report on Friday, June 12th. Bank of America cut their target price on shares of Triple Flag Precious Metals from $39.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Weiss Ratings downgraded shares of Triple Flag Precious Metals from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, June 12th. Jefferies Financial Group lowered their price target on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, July 6th. Finally, Wall Street Zen cut shares of Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $38.67.

Triple Flag Precious Metals Stock Up 1.8%

NYSE:TFPM opened at $33.32 on Friday. The company has a market capitalization of $6.86 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.95 and a beta of -0.18. Triple Flag Precious Metals has a 52-week low of $25.36 and a 52-week high of $41.70. The stock has a fifty day simple moving average of $29.82 and a 200-day simple moving average of $32.72.

Hedge Funds Weigh In On Triple Flag Precious Metals

Several large investors have recently added to or reduced their stakes in the business. U S Global Investors Inc. lifted its holdings in shares of Triple Flag Precious Metals by 30.7% during the 4th quarter. U S Global Investors Inc. now owns 279,270 shares of the company's stock valued at $9,277,000 after acquiring an additional 65,605 shares in the last quarter. Vanguard Group Inc. increased its holdings in Triple Flag Precious Metals by 82.2% in the 4th quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company's stock valued at $56,198,000 after purchasing an additional 762,826 shares in the last quarter. Intact Investment Management Inc. increased its holdings in Triple Flag Precious Metals by 107.7% in the 4th quarter. Intact Investment Management Inc. now owns 108,000 shares of the company's stock valued at $3,589,000 after purchasing an additional 56,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Triple Flag Precious Metals by 8.7% in the first quarter. Dimensional Fund Advisors LP now owns 598,967 shares of the company's stock valued at $20,787,000 after purchasing an additional 48,144 shares during the period. Finally, Lummis Asset Management LP raised its position in Triple Flag Precious Metals by 33.7% in the fourth quarter. Lummis Asset Management LP now owns 131,421 shares of the company's stock valued at $4,366,000 after purchasing an additional 33,115 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Triple Flag Precious Metals's previous quarterly dividend of $0.06. Triple Flag Precious Metals's dividend payout ratio is currently 11.56%.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.

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