Triple Flag Precious Metals Corp. (NYSE:TFPM – Get Rating) – Investment analysts at Raymond James upped their Q1 2023 earnings estimates for Triple Flag Precious Metals in a report released on Monday, January 30th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.12 per share for the quarter, up from their prior forecast of $0.09. The consensus estimate for Triple Flag Precious Metals' current full-year earnings is $0.38 per share. Raymond James also issued estimates for Triple Flag Precious Metals' Q2 2023 earnings at $0.12 EPS and Q3 2023 earnings at $0.12 EPS.

A number of other equities research analysts also recently weighed in on TFPM. CIBC upped their price target on shares of Triple Flag Precious Metals from C$21.00 to C$22.50 in a report on Tuesday, January 24th. National Bank Financial raised Triple Flag Precious Metals from a "sector perform overweight" rating to an "outperform overweight" rating in a research note on Thursday, January 19th. TD Securities upped their target price on Triple Flag Precious Metals from C$19.50 to C$23.00 in a research report on Wednesday, December 14th. Finally, BMO Capital Markets cut Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 10th.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals (NYSE:TFPM – Get Rating) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $33.75 million for the quarter.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, November 29th.

Institutional Investors Weigh In On Triple Flag Precious Metals

A number of hedge funds and other institutional investors have recently bought and sold shares of TFPM. Royal Bank of Canada bought a new stake in Triple Flag Precious Metals in the 3rd quarter valued at $69,000. Renaissance Technologies LLC acquired a new position in shares of Triple Flag Precious Metals during the 3rd quarter worth $137,000. Commonwealth Equity Services LLC acquired a new position in Triple Flag Precious Metals in the 3rd quarter worth about $440,000. Jane Street Group LLC acquired a new position in Triple Flag Precious Metals in the 3rd quarter worth about $819,000. Finally, Condire Management LP bought a new stake in shares of Triple Flag Precious Metals in the 3rd quarter valued at about $2,517,000. Institutional investors and hedge funds own 87.28% of the company's stock.

Triple Flag Precious Metals Company Profile

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Triple Flag Precious Metals Corp., a gold-focused streaming and royalty company, engages in acquiring and managing precious metals and other streams and royalties in Australia, Canada, Colombia, Mongolia, Peru, South Africa, and the United States. The company has a portfolio of streams and royalties providing exposure primarily to gold and silver.

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