TFPM FY2025 EPS Forecast Lifted by National Bank Financial

Key Points

• National Bank Financial has raised its FY2025 EPS forecast for Triple Flag Precious Metals Corp. to $0.87, an increase from the previous estimate of $0.83.
• Triple Flag Precious Metals recently announced a quarterly dividend increase to $0.0575 per share, up from $0.06, reflecting a 0.8% annual yield.
• The company's stock has a consensus rating of "Moderate Buy" with an average price target of $24.00 from analysts.

Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) - Research analysts at National Bank Financial increased their FY2025 EPS estimates for shares of Triple Flag Precious Metals in a research report issued to clients and investors on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.87 for the year, up from their prior forecast of $0.83. The consensus estimate for Triple Flag Precious Metals' current full-year earnings is $0.71 per share. National Bank Financial also issued estimates for Triple Flag Precious Metals' FY2026 earnings at $0.92 EPS.

TFPM has been the subject of a number of other reports. CIBC reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. BMO Capital Markets lowered shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Raymond James Financial reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Friday, August 8th. Wall Street Zen raised shares of Triple Flag Precious Metals from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Finally, Royal Bank Of Canada lifted their target price on shares of Triple Flag Precious Metals from $19.00 to $23.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Triple Flag Precious Metals presently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Triple Flag Precious Metals Stock Up 1.0%

TFPM stock opened at $27.99 on Friday. The firm has a 50 day moving average of $26.22 and a 200 day moving average of $23.23. The stock has a market capitalization of $5.78 billion, a PE ratio of 32.54, a price-to-earnings-growth ratio of 1.20 and a beta of -0.19. Triple Flag Precious Metals has a 52 week low of $14.51 and a 52 week high of $29.30.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.03. The company had revenue of $94.09 million during the quarter, compared to analysts' expectations of $82.76 million. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%.

Institutional Trading of Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently modified their holdings of TFPM. SVB Wealth LLC purchased a new stake in shares of Triple Flag Precious Metals during the first quarter worth about $34,000. Employees Retirement System of Texas acquired a new position in shares of Triple Flag Precious Metals during the 2nd quarter valued at about $36,000. ORG Wealth Partners LLC acquired a new position in shares of Triple Flag Precious Metals during the 2nd quarter valued at about $97,000. Tower Research Capital LLC TRC boosted its position in shares of Triple Flag Precious Metals by 160.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,015 shares of the company's stock valued at $119,000 after acquiring an additional 3,086 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in Triple Flag Precious Metals by 4,954.7% in the second quarter. Osaic Holdings Inc. now owns 5,914 shares of the company's stock valued at $140,000 after buying an additional 5,797 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.0575 per share. This is a boost from Triple Flag Precious Metals's previous quarterly dividend of $0.06. This represents a $0.23 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, September 2nd. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently 26.74%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.