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

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

Triple Flag Precious Metals Trading Up 0.8 %

TFPM traded up $0.14 on Thursday, hitting $17.29. The company had a trading volume of 103,069 shares, compared to its average volume of 211,306. The company’s fifty day moving average price is $16.76 and its 200 day moving average price is $16.24. Triple Flag Precious Metals has a 1 year low of $11.75 and a 1 year high of $18.88. 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 firm has a market cap of $3.48 billion, a P/E ratio of -66.00, a PEG ratio of 1.13 and a beta of -0.16.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 presently -84.62%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TFPM. Scotiabank raised their price objective on Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group boosted their price target 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 analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock 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.