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

Key Points

• Triple Flag declared a quarterly dividend of $0.06 per share, payable December 15 to shareholders of record November 30. That equals $0.24 annually and a 0.8% yield.
• The dividend appears well covered: the current payout ratio is 28.9%, and analysts expect next year’s earnings to imply a payout ratio of 17.8%.
• Triple Flag reported quarterly EPS of $0.26, beating the $0.23 consensus estimate. Analysts’ consensus rating is “Moderate Buy,” with a target price of $39.25.

Triple Flag Precious Metals Corp. (NYSE:TFPM - Get Free Report) declared a quarterly dividend on Tuesday, November 3rd. Shareholders 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 dividend payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 2.0%

NYSE TFPM opened at $28.29 on Wednesday. The firm has a market cap of $5.82 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 3.07 and a beta of -0.09. Triple Flag Precious Metals has a 1-year low of $26.61 and a 1-year high of $41.70. The stock has a 50-day moving average of $31.64 and a 200-day moving average of $32.74.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly 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. The business had revenue of $106.70 million during the quarter, compared to analyst estimates 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 research analysts forecast that Triple Flag Precious Metals will post 1.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TFPM. Weiss Ratings upgraded shares of Triple Flag Precious Metals from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, October 14th. Zacks Research raised Triple Flag Precious Metals from a "strong sell" rating to a "hold" rating in a research report on Monday, August 10th. Wall Street Zen lowered Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Scotiabank cut their price target on Triple Flag Precious Metals from $43.00 to $39.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 14th. Finally, Bank of America reduced their price objective on shares of Triple Flag Precious Metals from $39.00 to $37.00 and set a "buy" rating on the stock in a research report 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. According to data from MarketBeat, Triple Flag Precious Metals currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.25.

About Triple Flag Precious Metals

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.

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