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

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 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.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share 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 earned $0.09 EPS. On average, equities analysts predict that Triple Flag Precious Metals will post 0.56 earnings per share for the current fiscal year.

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.

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.