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

Triple Flag Precious Metals Corp. (NYSE:TFPM) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Monday, March 2nd will be paid a dividend of 0.0575 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, March 2nd.

Triple Flag Precious Metals has a dividend payout ratio of 27.7% indicating that 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 Trading Down 0.1%

NYSE:TFPM traded down $0.03 during trading hours on Thursday, hitting $35.91. The company had a trading volume of 62,117 shares, compared to its average volume of 645,255. Triple Flag Precious Metals has a 1 year low of $16.26 and a 1 year high of $40.29. The company has a market cap of $7.42 billion, a P/E ratio of 35.55, a P/E/G ratio of 0.95 and a beta of -0.21. The company has a 50-day moving average of $35.44 and a 200 day moving average of $31.25. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Triple Flag Precious Metals had a net margin of 59.43% and a return on equity of 9.56%. The firm had revenue of $118.92 million for the quarter, compared to analysts’ expectations of $114.92 million. Sell-side analysts expect that Triple Flag Precious Metals will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.