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

Triple Flag Precious Metals Corp. (NYSE:TFPM) announced a quarterly dividend on Tuesday, November 5th, NASDAQ reports. Stockholders 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 dividend yield of 1.28%. 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. Equities 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 Price Performance

Shares of TFPM traded down $0.15 during mid-day trading on Wednesday, hitting $17.15. 442,096 shares of the company were exchanged, compared to its average volume of 211,810. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.59 and a current ratio of 5.80. Triple Flag Precious Metals has a 1-year low of $11.75 and a 1-year high of $18.88. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of -38.86, a price-to-earnings-growth ratio of 1.13 and a beta of -0.16. The company has a 50 day moving average of $16.74 and a 200-day moving average of $16.24.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $63.58 million during the quarter. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. Analysts expect that Triple Flag Precious Metals will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Scotiabank increased their price objective on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group increased their target price on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Triple Flag Precious Metals currently has an average rating of “Moderate Buy” and an average 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.