Triple Flag Precious Metals (NYSE:TFPM) Announces Earnings Results, Beats Estimates By $0.03 EPS

Triple Flag Precious Metals (NYSE:TFPM – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03, Zacks reports. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. The business had revenue of $106.70 million during the quarter, compared to analysts’ expectations of $106.70 million.

Triple Flag Precious Metals Price Performance

TFPM stock traded up $1.51 during midday trading on Wednesday, reaching $29.76. 242,592 shares of the stock were exchanged, compared to its average volume of 591,841. Triple Flag Precious Metals has a 52 week low of $26.61 and a 52 week high of $41.70. The company has a fifty day moving average price of $31.64 and a 200 day moving average price of $32.74. The stock has a market capitalization of $6.12 billion, a PE ratio of 14.90, a P/E/G ratio of 3.07 and a beta of -0.09.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, November 30th. This represents a $0.24 dividend on an annualized basis and a yield of 0.8%. Triple Flag Precious Metals’s payout ratio is currently 12.06%.

Key Triple Flag Precious Metals News

Here are the key news stories impacting Triple Flag Precious Metals this week:

Wall Street Analysts Forecast Growth

TFPM has been the topic of several recent research reports. Scotiabank lowered their target price on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Zacks Research raised Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Wall Street Zen downgraded shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Royal Bank Of Canada lifted their price target on shares of Triple Flag Precious Metals from $40.00 to $41.00 and gave the company a “sector perform” rating in a report on Wednesday, September 16th. Finally, Bank of America lowered their price objective on shares of Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.25.

Get Our Latest Analysis on TFPM

About Triple Flag Precious Metals

(Get Free Report)

Triple Flag Precious Metals Corp. is a precious metals streaming and royalty company headquartered in Toronto, Canada. The company provides upfront financing to mining companies in exchange for the right to purchase a portion of future production, typically at predetermined prices. Its agreements are primarily focused on gold and silver, along with other precious metals and related by-products.

Triple Flag does not generally operate mines directly. Instead, it builds a diversified portfolio of streams and royalties linked to producing, developing and exploration-stage assets.

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Earnings History for Triple Flag Precious Metals (NYSE:TFPM)

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