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

Triple Flag Precious Metals Corp. (NYSE:TFPM) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.052 per share on Friday, June 14th. This represents a $0.21 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, May 31st.

Triple Flag Precious Metals has a payout ratio of 36.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of TFPM traded up $0.40 during mid-day trading on Thursday, hitting $16.40. 195,244 shares of the company traded hands, compared to its average volume of 170,596. 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 stock has a 50-day moving average price of $14.81 and a two-hundred day moving average price of $13.56. Triple Flag Precious Metals has a 1 year low of $11.75 and a 1 year high of $16.84. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 85.22, a P/E/G ratio of 2.35 and a beta of -0.12.

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

Wall Street Analysts Forecast Growth

TFPM has been the topic of a number of recent research reports. Bank of America upped their price target on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the company a “buy” rating in a research note on Monday, March 18th. Jefferies Financial Group upped their price target on shares of 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.

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.