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

Key Points

• Triple Flag reported quarterly EPS of $0.26, beating the $0.23 consensus estimate by $0.03, while revenue of $106.7 million fell short of the $108.68 million forecast.
• The company raised its quarterly dividend to $0.06 per share from $0.0575, equivalent to an annualized dividend of $0.24 and a 0.8% yield.
• Shares fell 2.0% to $28.29 during Tuesday trading. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $39.25.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03, Zacks reports. The firm had revenue of $106.70 million for the quarter, compared to analyst estimates of $108.68 million. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%.

Triple Flag Precious Metals Trading Down 2.0%

NYSE TFPM traded down $0.58 during mid-day trading on Tuesday, reaching $28.29. 507,438 shares of the company's stock traded hands, compared to its average volume of 593,622. Triple Flag Precious Metals has a 1-year low of $26.61 and a 1-year high of $41.70. The company has a fifty day simple moving average of $31.77 and a 200-day simple moving average of $32.78. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 3.18 and a beta of -0.13.

Triple Flag Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a $0.06 dividend. This is an increase 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 (DPR) is currently 12.06%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TFPM. 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. Zacks Research raised shares of Triple Flag Precious Metals from a "strong sell" rating to a "hold" rating in a research report on Monday, August 10th. Royal Bank Of Canada upped their target price on shares of 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. Scotiabank lowered their price target on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a "sector perform" rating for the company in a report on Tuesday, July 14th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.25.

Triple Flag Precious Metals Company Profile

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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