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

Triple Flag Precious Metals (NYSE:TFPM) released its earnings results on Tuesday. The company reported $0.15 earnings per share (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 company had revenue of $73.67 million during the quarter. During the same period in the prior year, the company earned $0.09 earnings per share.

Triple Flag Precious Metals Trading Up 0.6 %

Shares of NYSE TFPM traded up $0.11 during trading hours on Thursday, hitting $17.26. The company’s stock had a trading volume of 92,498 shares, compared to its average volume of 211,257. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.59 and a current ratio of 5.80. The stock has a market cap 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 has a 12 month low of $11.75 and a 12 month high of $18.88. The business has a 50-day simple moving average of $16.76 and a 200-day simple moving average of $16.24.

Triple Flag Precious Metals Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Scotiabank increased their price objective 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 increased their price objective on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.