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 Wednesday, February 18th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.0575 per share on Monday, March 16th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, March 2nd.

Triple Flag Precious Metals has a payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Triple Flag Precious Metals to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.23 annual dividend with an expected future payout ratio of 32.4%.

Triple Flag Precious Metals Stock Performance

Shares of NYSE TFPM traded down $0.03 during trading on Thursday, reaching $35.91. 62,117 shares of the company traded hands, compared to its average volume of 645,255. The stock has a market cap of $7.42 billion, a P/E ratio of 35.55, a PEG ratio of 0.95 and a beta of -0.21. The firm’s fifty day simple moving average is $35.44 and its 200 day simple moving average is $31.25. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01. Triple Flag Precious Metals has a 12-month low of $16.26 and a 12-month high of $40.29.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Triple Flag Precious Metals had a return on equity of 9.56% and a net margin of 59.43%.The company had revenue of $118.92 million during the quarter, compared to analysts’ expectations of $114.92 million. As a group, research analysts anticipate that Triple Flag Precious Metals will post 0.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TFPM has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, February 4th. Zacks Research upgraded Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, January 21st. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.25.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.