Triple Flag Precious Metals (NYSE:TFPM) Issues Quarterly Earnings Results

Triple Flag Precious Metals (NYSE:TFPM) announced 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. The company had revenue of $106.70 million during the quarter, compared to analyst estimates of $108.68 million. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%.

Triple Flag Precious Metals Trading Down 2.0%

Triple Flag Precious Metals stock traded down $0.58 during mid-day trading on Tuesday, reaching $28.29. The company’s stock had a trading volume of 507,438 shares, compared to its average volume of 593,622. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 3.18 and a beta of -0.13. The business has a 50 day moving average price of $31.77 and a 200-day moving average price of $32.78. Triple Flag Precious Metals has a twelve month low of $26.61 and a twelve month high of $41.70.

Triple Flag Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $0.06 dividend. This is a boost from Triple Flag Precious Metals’s previous quarterly dividend of $0.0575. This represents a $0.24 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 31st. Triple Flag Precious Metals’s dividend payout ratio is presently 12.06%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TFPM shares. 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. Weiss Ratings upgraded Triple Flag Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 14th. Bank of America decreased their price target on Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Wall Street Zen lowered Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Royal Bank Of Canada upped their price objective on Triple Flag Precious Metals from $40.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company 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.