Triple Flag Precious Metals Corp. (NYSE:TFPM – Get Rating) – Equities research analysts at Raymond James upped their FY2023 earnings estimates for shares of Triple Flag Precious Metals in a research note issued to investors on Monday, January 30th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.47 per share for the year, up from their previous forecast of $0.40. The consensus estimate for Triple Flag Precious Metals' current full-year earnings is $0.38 per share.
Get Triple Flag Precious Metals alerts:A number of other equities research analysts have also issued reports on the stock. CIBC raised 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. TD Securities lifted their price target on shares of Triple Flag Precious Metals from C$19.50 to C$23.00 in a research report on Wednesday, December 14th. BMO Capital Markets cut shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report 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 stock opened at $13.63 on Thursday. Triple Flag Precious Metals has a 52 week low of $10.36 and a 52 week high of $16.60. The firm's fifty day simple moving average is $13.50.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 for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $33.75 million for the quarter.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of TFPM. Royal Bank of Canada bought a new position in Triple Flag Precious Metals during the 3rd quarter worth about $69,000. Renaissance Technologies LLC purchased a new stake in shares of Triple Flag Precious Metals during the third quarter valued at about $137,000. Commonwealth Equity Services LLC purchased a new position in shares of Triple Flag Precious Metals in the 3rd quarter valued at approximately $440,000. Jane Street Group LLC purchased a new position in shares of Triple Flag Precious Metals in the 3rd quarter valued at approximately $819,000. Finally, Condire Management LP purchased a new position in shares of Triple Flag Precious Metals in the 3rd quarter valued at approximately $2,517,000. Institutional investors own 87.28% of the company's stock.
Triple Flag Precious Metals Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors 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 yield of 1.47%. The ex-dividend date of this dividend was Tuesday, November 29th.
About Triple Flag Precious Metals
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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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