Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) issued its earnings results on Tuesday. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.01, Zacks reports. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%. The company had revenue of $73.67 million for the quarter. During the same period last year, the firm earned $0.09 earnings per share.
Triple Flag Precious Metals Stock Up 1.6 %
Shares of NYSE:TFPM traded up $0.27 during trading on Thursday, hitting $17.42. The company's stock had a trading volume of 220,400 shares, compared to its average volume of 212,358. The company has a market capitalization of $3.51 billion, a PE ratio of -67.00, a P/E/G ratio of 1.13 and a beta of -0.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.59 and a current ratio of 5.80. Triple Flag Precious Metals has a fifty-two week low of $11.75 and a fifty-two week high of $18.88. The business has a 50 day moving average price of $16.76 and a two-hundred day moving average price of $16.24.
Triple Flag Precious Metals Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.055 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.22 annualized dividend and a yield of 1.26%. Triple Flag Precious Metals's dividend payout ratio is presently -84.62%.
Wall Street Analyst Weigh In
A number of research firms recently commented on TFPM. Jefferies Financial Group upped their price objective on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a "buy" rating in a report on Friday, October 4th. Scotiabank upped their price target on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.50.
View Our Latest Analysis on Triple Flag Precious Metals
Triple Flag Precious Metals Company Profile
(
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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.
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