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

Triple Flag Precious Metals (NYSE:TFPM) posted its 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. The business 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 previous year, the business posted $0.09 EPS.

Triple Flag Precious Metals Stock Performance

NYSE TFPM traded up $0.21 on Thursday, hitting $17.36. 113,214 shares of the company traded hands, compared to its average volume of 211,353. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of -66.00, a P/E/G ratio of 1.13 and a beta of -0.16. The company has a current ratio of 5.80, a quick ratio of 5.59 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $16.76 and its 200-day moving average price is $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 Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have commented on TFPM. Scotiabank lifted their target price on Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group lifted their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.