Scotiabank Has Negative Forecast for TFPM FY2027 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Research analysts at Scotiabank decreased their FY2027 earnings per share estimates for shares of Triple Flag Precious Metals in a report issued on Thursday, March 5th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $1.28 for the year, down from their previous forecast of $1.29. Scotiabank currently has a “Sector Perform” rating and a $43.00 target price 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) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $118.92 million for the quarter, compared to the consensus estimate of $114.92 million. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%.

Other research analysts have also recently issued reports about the stock. Zacks Research upgraded shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, January 21st. Wall Street Zen raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.25.

Triple Flag Precious Metals Stock Performance

NYSE TFPM opened at $38.88 on Monday. The company has a market capitalization of $8.03 billion, a PE ratio of 32.95, a price-to-earnings-growth ratio of 2.00 and a beta of -0.28. Triple Flag Precious Metals has a 52-week low of $17.26 and a 52-week high of $41.70. The company has a 50-day simple moving average of $36.56 and a 200 day simple moving average of $32.43.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.0575 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.23 annualized dividend and a yield of 0.6%. Triple Flag Precious Metals’s payout ratio is currently 19.49%.

Institutional Trading of Triple Flag Precious Metals

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. purchased a new position in shares of Triple Flag Precious Metals during the 3rd quarter valued at $27,000. Quarry LP purchased a new stake in shares of Triple Flag Precious Metals in the third quarter worth $33,000. Employees Retirement System of Texas purchased a new stake in shares of Triple Flag Precious Metals in the second quarter worth $36,000. Aventura Private Wealth LLC bought a new stake in Triple Flag Precious Metals during the fourth quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC grew its position in Triple Flag Precious Metals by 120.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock worth $40,000 after buying an additional 664 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

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.