Triple Flag Precious Metals Corp. (NYSE:TFPM) to Issue Quarterly Dividend of $0.05

Triple Flag Precious Metals Corp. (NYSE:TFPM) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Friday, May 31st will be paid a dividend of 0.052 per share on Friday, June 14th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, May 31st.

Triple Flag Precious Metals has a payout ratio of 36.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Triple Flag Precious Metals to earn $0.54 per share next year, which means the company should continue to be able to cover its $0.21 annual dividend with an expected future payout ratio of 38.9%.

Triple Flag Precious Metals Trading Up 1.9 %

TFPM traded up $0.31 on Thursday, hitting $16.31. 173,369 shares of the company were exchanged, compared to its average volume of 170,202. The stock has a market capitalization of $3.28 billion, a PE ratio of 85.22, a price-to-earnings-growth ratio of 2.35 and a beta of -0.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.21 and a current ratio of 3.29. The firm has a fifty day simple moving average of $14.81 and a two-hundred day simple moving average of $13.56. Triple Flag Precious Metals has a 12 month low of $11.75 and a 12 month high of $16.84.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Triple Flag Precious Metals had a return on equity of 3.64% and a net margin of 17.78%. The company had revenue of $51.74 million during the quarter. Sell-side analysts expect that Triple Flag Precious Metals will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Jefferies Financial Group increased their target price on Triple Flag Precious Metals from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Bank of America raised their price target on Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a “buy” rating in a research note on Monday, March 18th.

About Triple Flag Precious Metals

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.