Raymond James Has Bullish Forecast for TFPM FY2025 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Equities researchers at Raymond James raised their FY2025 EPS estimates for shares of Triple Flag Precious Metals in a research note issued to investors on Wednesday, May 7th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.81 per share for the year, up from their previous forecast of $0.79. Raymond James currently has a “Outperform” rating 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 announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. The business had revenue of $82.25 million during the quarter, compared to analyst estimates of $72.14 million.

Other research analysts have also issued reports about the stock. BMO Capital Markets reissued an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. Jefferies Financial Group lifted their price objective on Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, April 22nd. Scotiabank reaffirmed a “sector perform” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Finally, National Bank Financial upgraded Triple Flag Precious Metals to a “strong-buy” rating in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Triple Flag Precious Metals Stock Performance

TFPM stock opened at $19.95 on Monday. The firm has a fifty day moving average price of $20.07 and a 200 day moving average price of $17.64. Triple Flag Precious Metals has a fifty-two week low of $13.94 and a fifty-two week high of $22.96. The firm has a market cap of $4.01 billion, a PE ratio of -181.36, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.10%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 733.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TFPM. Barclays PLC lifted its position in shares of Triple Flag Precious Metals by 21.5% during the 3rd quarter. Barclays PLC now owns 142,444 shares of the company’s stock valued at $2,304,000 after buying an additional 25,220 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Triple Flag Precious Metals by 24.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 69,094 shares of the company’s stock valued at $1,118,000 after purchasing an additional 13,790 shares during the last quarter. Perfromance Wealth Partners LLC raised its stake in Triple Flag Precious Metals by 69.6% in the 4th quarter. Perfromance Wealth Partners LLC now owns 68,304 shares of the company’s stock valued at $1,027,000 after purchasing an additional 28,026 shares during the last quarter. Drive Wealth Management LLC acquired a new position in Triple Flag Precious Metals in the 4th quarter valued at $175,000. Finally, Meixler Investment Management Ltd. raised its stake in Triple Flag Precious Metals by 19.9% in the 4th quarter. Meixler Investment Management Ltd. now owns 28,612 shares of the company’s stock valued at $430,000 after purchasing an additional 4,750 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.