Scotiabank Has Bullish Forecast for TFPM FY2025 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Equities researchers at Scotiabank raised their FY2025 earnings per share estimates for shares of Triple Flag Precious Metals in a research report issued on Friday, November 28th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings of $0.98 per share for the year, up from their prior estimate of $0.96. Scotiabank currently has a “Sector Perform” rating and a $34.00 price target 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 released its earnings results on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Triple Flag Precious Metals had a net margin of 59.43% and a return on equity of 9.56%. The company had revenue of $93.50 million for the quarter, compared to analysts’ expectations of $87.46 million.

A number of other equities research analysts have also issued reports on the company. Canaccord Genuity Group lowered Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Raymond James Financial restated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Friday, October 10th. Wall Street Zen cut shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research lowered shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Bank of America raised their target price on shares of Triple Flag Precious Metals from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Triple Flag Precious Metals Stock Performance

Shares of NYSE TFPM opened at $33.50 on Monday. The stock has a market cap of $6.92 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 0.94 and a beta of -0.23. Triple Flag Precious Metals has a 1 year low of $14.51 and a 1 year high of $33.51. The firm has a fifty day moving average price of $29.85 and a 200-day moving average price of $26.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.68.

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of institutional investors and hedge funds have recently modified their holdings of TFPM. Bessemer Group Inc. bought a new position in shares of Triple Flag Precious Metals during the 3rd quarter valued at approximately $27,000. Quarry LP purchased a new position in Triple Flag Precious Metals during the third quarter worth $33,000. SVB Wealth LLC bought a new position in Triple Flag Precious Metals during the first quarter valued at $34,000. Employees Retirement System of Texas bought a new stake in shares of Triple Flag Precious Metals in the 2nd quarter worth about $36,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Triple Flag Precious Metals by 100.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock worth $41,000 after purchasing an additional 706 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.0575 per share. This represents a $0.23 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, December 1st. Triple Flag Precious Metals’s payout ratio is presently 22.77%.

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.