What is Scotiabank’s Estimate for TFPM FY2027 Earnings?

Triple Flag Precious Metals Corp. (NYSE:TFPMFree Report) – Equities research analysts at Scotiabank lowered their FY2027 earnings per share estimates for Triple Flag Precious Metals in a report released on Friday, June 26th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings per share of $1.14 for the year, down from their prior estimate of $1.27. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $1.52 per share.

Triple Flag Precious Metals (NYSE:TFPMGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%.The company had revenue of $147.00 million for the quarter, compared to analyst estimates of $147.00 million.

A number of other research analysts have also issued reports on TFPM. Wall Street Zen upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research lowered shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. BMO Capital Markets restated a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Friday, June 12th. Canaccord Genuity Group raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Friday, June 12th. Finally, Weiss Ratings lowered shares of Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Read Our Latest Research Report on Triple Flag Precious Metals

Triple Flag Precious Metals Stock Performance

NYSE TFPM opened at $29.96 on Wednesday. The firm’s fifty day moving average price is $31.26 and its two-hundred day moving average price is $34.19. The stock has a market cap of $6.19 billion, a PE ratio of 19.84, a PEG ratio of 3.18 and a beta of -0.22. Triple Flag Precious Metals has a fifty-two week low of $22.60 and a fifty-two week high of $41.70.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.0575 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.23 annualized dividend and a yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 15.23%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Triple Flag Precious Metals by 39.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock worth $77,373,000 after purchasing an additional 753,923 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Triple Flag Precious Metals by 25.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company’s stock worth $76,908,000 after purchasing an additional 530,357 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Triple Flag Precious Metals by 10.8% in the third quarter. Van ECK Associates Corp now owns 2,555,954 shares of the company’s stock valued at $75,244,000 after purchasing an additional 250,123 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Triple Flag Precious Metals by 59.5% in the third quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock valued at $70,113,000 after purchasing an additional 893,566 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Triple Flag Precious Metals by 82.2% during the fourth quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company’s stock valued at $56,198,000 after buying an additional 762,826 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

About Triple Flag Precious Metals

(Get Free Report)

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.

Further Reading

Earnings History and Estimates for Triple Flag Precious Metals (NYSE:TFPM)

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