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

Triple Flag Precious Metals (NYSE:TFPM) released its quarterly earnings data on Tuesday. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01, Zacks reports. The business had revenue of $73.67 million for 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 quarter in the previous year, the company posted $0.09 EPS.

Triple Flag Precious Metals Price Performance

Shares of Triple Flag Precious Metals stock traded up $0.14 during trading on Thursday, hitting $17.29. 103,069 shares of the company were exchanged, compared to its average volume of 211,306. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $18.88. The company has a quick ratio of 5.59, a current ratio of 5.80 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $16.76 and a 200 day moving average price of $16.24. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of -66.00, a P/E/G ratio of 1.13 and a beta of -0.16.

Triple Flag Precious Metals Dividend Announcement

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

Wall Street Analyst Weigh In

TFPM has been the subject of several research reports. Scotiabank boosted their target price on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group boosted 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. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

About Triple Flag Precious Metals

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.