Triple Flag Precious Metals Q1 Adj. EPS $012 Vs $0.08 YoY; Revenue $57.5M Vs $50.3M YoY
Portfolio Pulse from Benzinga Newsdesk
Triple Flag Precious Metals (TFPM) reported Q1 2024 financial results with an adjusted EPS of $0.12, up from $0.08 YoY. Revenue increased to $57.5M from $50.3M YoY. The company also saw a significant rise in Gold Equivalent Ounces (GEOs) to 127,794 from 26,599 YoY, and a notable increase in adjusted EBITDA to $48.1M from $39.4M. The asset margin dramatically improved to 492% from 88%.
May 07, 2024 | 9:50 pm
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Triple Flag Precious Metals reported a strong Q1 2024 with increased adjusted EPS, revenue, GEOs, and a significant improvement in asset margin.
The positive earnings report, with increases in adjusted EPS, revenue, and significant growth in GEOs and asset margin, suggests a strong financial performance by TFPM. This is likely to positively impact investor sentiment and potentially lead to a short-term increase in stock price, given the better-than-expected financial health and growth prospects of the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100