Raymond James Has Bearish Estimate for TFPM Q4 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Raymond James reduced their Q4 2024 earnings per share (EPS) estimates for Triple Flag Precious Metals in a note issued to investors on Tuesday, December 17th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.14 per share for the quarter, down from their prior forecast of $0.15. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $0.56 per share. Raymond James also issued estimates for Triple Flag Precious Metals’ Q4 2025 earnings at $0.17 EPS.

Separately, Jefferies Financial Group boosted their price target on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Triple Flag Precious Metals Stock Up 0.8 %

TFPM traded up $0.12 during trading hours on Thursday, hitting $15.53. 23,694 shares of the company’s stock were exchanged, compared to its average volume of 229,247. The firm has a market cap of $3.13 billion, a P/E ratio of -59.73, a price-to-earnings-growth ratio of 0.86 and a beta of -0.18. Triple Flag Precious Metals has a 12-month low of $11.75 and a 12-month high of $18.88. The company has a current ratio of 3.18, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $16.85 and a 200 day moving average of $16.22.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. The company had revenue of $73.67 million for the quarter. During the same quarter last year, the company earned $0.09 earnings per share.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in Triple Flag Precious Metals during the second quarter worth approximately $2,191,000. CIBC Asset Management Inc purchased a new stake in shares of Triple Flag Precious Metals during the 2nd quarter worth approximately $179,000. Versor Investments LP acquired a new position in shares of Triple Flag Precious Metals in the 2nd quarter valued at $160,000. Acadian Asset Management LLC purchased a new position in shares of Triple Flag Precious Metals in the 2nd quarter valued at $1,705,000. Finally, American Century Companies Inc. acquired a new stake in Triple Flag Precious Metals during the 2nd quarter worth $2,389,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.055 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a yield of 1.42%. Triple Flag Precious Metals’s dividend payout ratio is currently -84.62%.

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.