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

Triple Flag Precious Metals Corp. (NYSE:TFPM) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Monday, November 30th will be paid a dividend of $0.06 per share on Tuesday, December 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, November 30th.

Triple Flag Precious Metals has a payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Triple Flag Precious Metals to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 17.8%.

Triple Flag Precious Metals Stock Performance

Shares of Triple Flag Precious Metals stock opened at $28.29 on Wednesday. Triple Flag Precious Metals has a 1 year low of $26.61 and a 1 year high of $41.70. The company has a market capitalization of $5.82 billion, a P/E ratio of 14.22, a PEG ratio of 3.07 and a beta of -0.09. The company’s fifty day moving average is $31.64 and its two-hundred day moving average is $32.74.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Tuesday, November 3rd. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. The business had revenue of $106.70 million during the quarter, compared to analysts’ expectations of $106.70 million. As a group, equities analysts expect that Triple Flag Precious Metals will post 1.33 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TFPM shares. Scotiabank lowered their price target on Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings raised Triple Flag Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 14th. Wall Street Zen downgraded Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Bank of America decreased their price objective on Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada lifted their target price on Triple Flag Precious Metals from $40.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.25.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a precious metals streaming and royalty company headquartered in Toronto, Canada. The company provides upfront financing to mining companies in exchange for the right to purchase a portion of future production, typically at predetermined prices. Its agreements are primarily focused on gold and silver, along with other precious metals and related by-products.

Triple Flag does not generally operate mines directly. Instead, it builds a diversified portfolio of streams and royalties linked to producing, developing and exploration-stage assets.