Triple Flag Precious Metals Corp. (NYSE:TFPM – Get Free Report) 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 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, November 29th.
Triple Flag Precious Metals has a dividend payout ratio of 29.3% meaning its dividend is sufficiently covered by earnings. Equities 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
TFPM stock opened at $16.58 on Thursday. 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 has a 1 year low of $11.75 and a 1 year high of $18.88. The stock has a 50-day simple moving average of $16.86 and a 200-day simple moving average of $16.28. The firm has a market cap of $3.34 billion, a P/E ratio of -63.77, a price-to-earnings-growth ratio of 1.07 and a beta of -0.16.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on TFPM. Jefferies Financial Group boosted 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. Scotiabank upped 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. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.50.
View Our Latest Stock Analysis on TFPM
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.
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