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

Triple Flag Precious Metals Corp. (NYSE:TFPM) announced a quarterly dividend on Tuesday, November 3rd. Stockholders 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 annualized dividend and a dividend 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 Price Performance

Shares of TFPM opened at $30.10 on Wednesday. Triple Flag Precious Metals has a 1-year low of $26.61 and a 1-year high of $41.70. The stock has a market cap of $6.19 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 3.07 and a beta of -0.09. The firm has a fifty day moving average price of $31.64 and a 200 day moving average price of $32.74.

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

Analyst Upgrades and Downgrades

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