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

Triple Flag Precious Metals Corp. (NYSE:TFPM) declared a quarterly dividend on Tuesday, November 5th,NASDAQ Dividends reports. Shareholders 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 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, November 29th.

Triple Flag Precious Metals has a dividend payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 0.7 %

Shares of NYSE TFPM opened at $16.59 on Wednesday. Triple Flag Precious Metals has a 52 week low of $11.75 and a 52 week high of $18.88. The business has a 50-day simple moving average of $16.87 and a two-hundred day simple moving average of $16.28. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.34 billion, a P/E ratio of -63.81, a P/E/G ratio of 1.07 and a beta of -0.16.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TFPM shares. Scotiabank raised their price objective on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group raised their price objective on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average 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.