Triple Flag Precious Metals (NYSE:TFPM) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Triple Flag Precious Metals (NYSE:TFPM) released its quarterly earnings results on Tuesday. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01, Zacks reports. The firm had revenue of $73.67 million during the quarter. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. During the same period in the prior year, the business earned $0.09 earnings per share.

Triple Flag Precious Metals Stock Up 0.9 %

NYSE TFPM traded up $0.15 during trading hours on Thursday, reaching $17.30. 116,089 shares of the company’s stock traded hands, compared to its average volume of 211,367. The firm has a market cap of $3.48 billion, a PE ratio of -66.00, a PEG ratio of 1.13 and a beta of -0.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.80 and a quick ratio of 5.59. The firm has a 50-day simple moving average of $16.76 and a 200 day simple moving average of $16.24. Triple Flag Precious Metals has a 52-week low of $11.75 and a 52-week high of $18.88.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.055 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.22 annualized dividend and a dividend yield of 1.27%. Triple Flag Precious Metals’s dividend payout ratio is -84.62%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TFPM shares. Jefferies Financial Group upped their price objective on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Scotiabank increased their price objective on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Triple Flag Precious Metals has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.