Triple Flag Precious Metals Corp. (NYSE:TFPM – Get Rating) – Raymond James lifted their Q4 2022 earnings estimates for Triple Flag Precious Metals in a research note issued on Monday, January 23rd. Raymond James analyst B. Macarthur now expects that the company will earn $0.11 per share for the quarter, up from their previous forecast 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 issued 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 firm had revenue of $33.75 million for the quarter.
Other equities analysts have also recently issued research reports about the company. TD Securities boosted their price target on Triple Flag Precious Metals from C$19.50 to C$23.00 in a report on Wednesday, December 14th. 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. CIBC upped their price objective on shares of Triple Flag Precious Metals from C$21.00 to C$22.50 in a research report on Tuesday. Finally, 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.
Triple Flag Precious Metals Price Performance
NYSE TFPM opened at $13.31 on Thursday. The business's fifty day simple moving average is $13.29. Triple Flag Precious Metals has a fifty-two week low of $10.36 and a fifty-two week high of $16.60.
Triple Flag Precious Metals Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Tuesday, November 29th.
Institutional Trading of Triple Flag Precious Metals
Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada acquired a new stake in Triple Flag Precious Metals during the 3rd quarter worth approximately $69,000. Renaissance Technologies LLC bought a new stake in shares of Triple Flag Precious Metals in the third quarter worth $137,000. Commonwealth Equity Services LLC bought a new stake in shares of Triple Flag Precious Metals in the third quarter worth $440,000. Jane Street Group LLC acquired a new stake in Triple Flag Precious Metals in the third quarter valued at $819,000. Finally, Condire Management LP acquired a new position in Triple Flag Precious Metals during the 3rd quarter worth about $2,517,000. 87.28% of the stock is currently 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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