Triple Flag Precious Metals (NYSE:TFPM) Announces Earnings Results

Triple Flag Precious Metals (NYSE:TFPM) announced its quarterly earnings results on Tuesday. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $73.67 million during the quarter. During the same period in the previous year, the business earned $0.09 EPS.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals stock traded up $0.15 during mid-day trading on Thursday, hitting $17.30. 116,089 shares of the company were exchanged, compared to its average volume of 211,367. Triple Flag Precious Metals has a 12-month low of $11.75 and a 12-month high of $18.88. The business’s 50 day simple moving average is $16.76 and its two-hundred day simple moving average is $16.24. The company has a market capitalization of $3.48 billion, a P/E 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.

Triple Flag Precious Metals Announces Dividend

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

Analyst Ratings Changes

TFPM has been the subject of several recent analyst reports. Scotiabank upped their price target on Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group boosted their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.