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

Triple Flag Precious Metals (NYSE:TFPM) released its earnings results on Tuesday. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03, Zacks reports. The firm had revenue of $106.70 million during the quarter, compared to the consensus estimate 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%

Shares of TFPM stock traded down $0.58 during trading hours on Tuesday, reaching $28.29. The stock had a trading volume of 507,438 shares, compared to its average volume of 593,622. The stock’s fifty day simple moving average is $31.77 and its 200 day simple moving average is $32.78. The firm has a market capitalization of $5.82 billion, a PE ratio of 14.22, a PEG ratio of 3.18 and a beta of -0.13. Triple Flag Precious Metals has a 12 month low of $26.61 and a 12 month high of $41.70.

Triple Flag Precious Metals Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TFPM shares. Wall Street Zen downgraded Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Royal Bank Of Canada boosted 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. Zacks Research raised shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. 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. Finally, Bank of America reduced their target price on shares of 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. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Triple Flag Precious Metals presently has a consensus 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.