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

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

Triple Flag Precious Metals Price Performance

Shares of TFPM stock traded up $0.21 during trading hours on Thursday, hitting $17.36. The stock had a trading volume of 113,214 shares, compared to its average volume of 211,353. Triple Flag Precious Metals has a one year low of $11.75 and a one year high of $18.88. 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 stock’s 50-day moving average price is $16.76 and its two-hundred day moving average price is $16.24. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of -66.00, a PEG ratio of 1.13 and a beta of -0.16.

Triple Flag Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued 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 (DPR) is -84.62%.

Analyst Ratings Changes

TFPM has been the topic of several research analyst reports. Scotiabank boosted their price objective on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research 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 report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Triple Flag Precious Metals currently has an average rating of “Moderate Buy” and an average target price 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.