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

Triple Flag Precious Metals Corp. (NYSE:TFPM) declared a quarterly dividend on Tuesday, November 4th. Shareholders of record on Monday, December 1st will be paid a dividend of 0.0575 per share on Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, December 1st.

Triple Flag Precious Metals has a dividend payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Triple Flag Precious Metals to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.23 annual dividend with an expected future payout ratio of 32.4%.

Triple Flag Precious Metals Stock Performance

Shares of TFPM stock traded up $0.71 during trading on Wednesday, hitting $27.94. The company had a trading volume of 145,651 shares, compared to its average volume of 477,378. The stock’s 50-day moving average price is $28.88 and its 200 day moving average price is $25.28. Triple Flag Precious Metals has a one year low of $14.51 and a one year high of $33.51. The firm has a market capitalization of $5.77 billion, a P/E ratio of 32.49, a price-to-earnings-growth ratio of 0.88 and a beta of -0.18.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Triple Flag Precious Metals had a return on equity of 8.81% and a net margin of 53.11%.The company had revenue of $93.50 million during the quarter, compared to analysts’ expectations of $87.46 million. On average, research analysts anticipate that Triple Flag Precious Metals will post 0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on TFPM. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, October 8th. Bank of America boosted their price target on Triple Flag Precious Metals from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. CIBC reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Tuesday, July 15th. Zacks Research upgraded Triple Flag Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Finally, Wall Street Zen upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and an average target price of $27.25.

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.