Triple Flag Precious Metals Corp. (NYSE:TFPM) Announces $0.06 Quarterly Dividend

Triple Flag Precious Metals Corp. (NYSE:TFPM) announced a quarterly dividend on Tuesday, November 5th,NASDAQ Dividends reports. Investors of record on Friday, November 29th will be paid a dividend of 0.055 per share on Monday, December 16th. This represents a $0.22 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, November 29th.

Triple Flag Precious Metals has a payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Triple Flag Precious Metals to earn $0.74 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 29.7%.

Triple Flag Precious Metals Price Performance

NYSE TFPM opened at $16.58 on Thursday. Triple Flag Precious Metals has a 1 year low of $11.75 and a 1 year high of $18.88. The business’s fifty day moving average is $16.86 and its two-hundred day moving average is $16.28. The stock has a market capitalization of $3.34 billion, a P/E ratio of -63.77, a P/E/G ratio of 1.07 and a beta of -0.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.18.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $73.67 million during the quarter. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. During the same period in the prior year, the company posted $0.09 earnings per share. On average, research analysts forecast that Triple Flag Precious Metals will post 0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on TFPM. Scotiabank increased their price objective on Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group increased their price target on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Triple Flag Precious Metals currently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Triple Flag Precious Metals Company Profile

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.