Triple Flag Precious Metals Corp. (TFPM) To Go Ex-Dividend on November 29th

Triple Flag Precious Metals Corp. (NYSE:TFPM) declared a quarterly dividend on Tuesday, November 5th, NASDAQ reports. Investors 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 yield of 1.28%. The ex-dividend date is Friday, November 29th.

Triple Flag Precious Metals has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of TFPM opened at $17.15 on Thursday. The firm has a market capitalization of $3.45 billion, a P/E ratio of -38.98, a P/E/G ratio of 1.13 and a beta of -0.16. Triple Flag Precious Metals has a 52 week low of $11.75 and a 52 week high of $18.88. The stock has a 50 day moving average price of $16.76 and a two-hundred day moving average price of $16.24. 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 (NYSE:TFPM) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. The business had revenue of $63.58 million during the quarter. Equities analysts forecast that Triple Flag Precious Metals will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TFPM. Scotiabank upped their target price on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group upped their price objective on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.