Triple Flag Precious Metals Corp. (NYSE:TFPM – Get Rating) – Stock analysts at Raymond James increased their Q4 2022 EPS estimates for Triple Flag Precious Metals in a research note issued to investors on Monday, January 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.11 per share for the quarter, up from their prior estimate of $0.10. 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' FY2023 earnings at $0.40 EPS.
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Triple Flag Precious Metals (NYSE:TFPM – Get Rating) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $33.75 million for the quarter.
Several other brokerages also recently commented on TFPM. TD Securities boosted their target price on shares of Triple Flag Precious Metals from C$19.50 to C$23.00 in a research note on Wednesday, December 14th. CIBC boosted their target price on shares of Triple Flag Precious Metals from C$21.00 to C$22.50 in a research note on Tuesday. BMO Capital Markets downgraded shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 10th. Finally, National Bank Financial upgraded shares of Triple Flag Precious Metals from a "sector perform overweight" rating to an "outperform overweight" rating in a research note on Thursday, January 19th.
Triple Flag Precious Metals Stock Performance
TFPM opened at $13.34 on Thursday. Triple Flag Precious Metals has a fifty-two week low of $10.36 and a fifty-two week high of $16.60. The business's fifty day simple moving average is $13.25.
Triple Flag Precious Metals Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $0.20 annualized dividend and a yield of 1.50%.
Institutional Trading of Triple Flag Precious Metals
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Condire Management LP bought a new stake in Triple Flag Precious Metals during the 3rd quarter worth about $2,517,000. Anson Funds Management LP bought a new stake in shares of Triple Flag Precious Metals in the 3rd quarter valued at about $8,426,000. Jane Street Group LLC bought a new stake in shares of Triple Flag Precious Metals in the 3rd quarter valued at about $819,000. Elliott Investment Management L.P. bought a new stake in shares of Triple Flag Precious Metals in the 3rd quarter valued at about $1,633,693,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Triple Flag Precious Metals in the 3rd quarter valued at about $440,000. 87.28% of the stock is owned by institutional investors.
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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