Canada's Triple Flag Q3 revenue rises, slightly misses estimates
Overview
Canada precious metals royalty firm's Q3 revenue rose yr/yr, slightly missing analyst expectations
Adjusted EPS for Q3 missed analyst expectations
Company repurchased $20 mln of shares in Q3
Outlook
Company expects 2026 sales between 100,000 and 110,000 GEOs
Triple Flag maintains 2030 sales outlook at 150,000 to 160,000 GEOs
Company says Polo Sur may contribute GEOs earlier than previously expected
Result Drivers
CASH FLOW GROWTH - Co said Q3 operating cash flow per share rose 15% yr/yr, supporting results
SALES VOLUME - Co said it is on track to achieve higher 2026 sales guidance for gold equivalent ounces (GEOs)
PORTFOLIO DEVELOPMENT - Co highlighted progress at several assets, including SSR Mining's acquisition of Converse and first gold at Koné, expected to support future growth
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Miss* | $106.70 mln | $106.80 mln (6 Analysts) |
Q3 Adjusted EPS | Miss | $0.26 | $0.28 (8 Analysts) |
Q3 Adjusted Net Income | Beat | $53.10 mln | $50.73 mln (1 Analyst) |
Q3 Net Income | $64.20 mln | ||
Q3 Adjusted EBITDA | Beat | $93.70 mln | $91.81 mln (5 Analysts) |
Q3 Operating Cash Flow | $92 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Triple Flag Precious Metals Corp. is C$58.00, about 43.6% above its November 2 closing price of C$40.38
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 20 three months ago
Reuters Recommended Reads
Nov 3 - SSR Mining Q3 revenue and adjusted net income rise year over year
Nov 2 - Canada's Ero Copper Q3 revenue slightly beats on higher metal prices
Nov 3 - Canada's PHX Energy Q3 revenue rises 24% to record on strong RSS activity, drilling demand
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)