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

Triple Flag Precious Metals (NYSE:TFPM) announced its quarterly earnings results on Tuesday. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03, Zacks reports. Triple Flag Precious Metals had a net margin of 82.56% and a return on equity of 14.01%. The firm had revenue of $106.70 million for the quarter, compared to the consensus estimate of $106.70 million.

Triple Flag Precious Metals Trading Up 0.9%

TFPM stock traded up $0.26 during midday trading on Thursday, reaching $30.40. 317,913 shares of the company’s stock traded hands, compared to its average volume of 592,634. Triple Flag Precious Metals has a 52-week low of $26.61 and a 52-week high of $41.70. The stock has a market cap of $6.25 billion, a P/E ratio of 15.20, a PEG ratio of 3.01 and a beta of -0.09. The stock’s 50-day moving average is $31.53 and its 200 day moving average is $32.70.

Triple Flag Precious Metals Dividend Announcement

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

Wall Street Analysts Forecast Growth

TFPM has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Triple Flag Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 14th. Royal Bank Of Canada lifted their target price on shares of Triple Flag Precious Metals from $40.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. Zacks Research upgraded shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Scotiabank decreased their target price on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Finally, Wall Street Zen cut Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Triple Flag Precious Metals has an average rating of “Moderate Buy” and a consensus target price of $39.25.

About Triple Flag Precious Metals

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.