Scotiabank Has Bearish Forecast for TFPM FY2027 Earnings

Triple Flag Precious Metals Corp. (NYSE:TFPM) – Equities research analysts at Scotiabank dropped their FY2027 earnings per share estimates for Triple Flag Precious Metals in a research report issued on Thursday, May 14th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings of $1.27 per share for the year, down from their prior forecast of $1.28. Scotiabank currently has a “Sector Perform” rating and a $43.00 price target on the stock. The consensus estimate for Triple Flag Precious Metals’ current full-year earnings is $1.40 per share.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Tuesday, May 5th. The company reported $0.45 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 business had revenue of $147.00 million for the quarter, compared to analysts’ expectations of $147.00 million.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Monday, April 20th. Zacks Research lowered Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Thursday, January 15th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.33.

Triple Flag Precious Metals Stock Performance

Shares of NYSE TFPM opened at $34.22 on Friday. The company’s 50 day moving average price is $34.76 and its 200-day moving average price is $34.32. Triple Flag Precious Metals has a 52-week low of $19.41 and a 52-week high of $41.70. The company has a market capitalization of $7.07 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 3.09 and a beta of -0.20.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.0575 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.23 annualized dividend and a yield of 0.7%. Triple Flag Precious Metals’s dividend payout ratio is currently 15.23%.

Institutional Investors Weigh In On Triple Flag Precious Metals

Several hedge funds and other institutional investors have recently bought and sold shares of TFPM. Bessemer Group Inc. bought a new position in shares of Triple Flag Precious Metals during the 3rd quarter worth about $27,000. Banque Cantonale Vaudoise bought a new stake in Triple Flag Precious Metals in the 1st quarter valued at about $33,000. Quarry LP acquired a new position in Triple Flag Precious Metals during the 3rd quarter worth approximately $33,000. Aventura Private Wealth LLC bought a new position in Triple Flag Precious Metals in the fourth quarter worth approximately $38,000. Finally, EverSource Wealth Advisors LLC grew its stake in Triple Flag Precious Metals by 120.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock valued at $40,000 after acquiring an additional 664 shares during the period. 82.91% of the stock is owned by institutional investors.

About Triple Flag Precious Metals

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.