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. Investors of record on Friday, November 29th will be given 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 1.28%. The ex-dividend date is Friday, November 29th.

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

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

Analyst Upgrades and Downgrades

Several research firms recently commented on TFPM. Jefferies Financial Group upped their target price on Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Scotiabank upped their price objective on shares of 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. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock 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.