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

Triple Flag Precious Metals Corp. (NYSE:TFPM) announced a quarterly dividend on Tuesday, November 5th,NASDAQ Dividends 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 1.33%. The ex-dividend date of this dividend is Friday, November 29th.

Triple Flag Precious Metals has a payout ratio of 29.7% indicating that 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 Trading Up 0.7 %

NYSE TFPM opened at $16.59 on Wednesday. The firm has a market capitalization of $3.34 billion, a P/E ratio of -63.81, a PEG ratio of 1.07 and a beta of -0.16. The business has a fifty day simple moving average of $16.87 and a 200 day simple moving average of $16.28. Triple Flag Precious Metals has a 12 month low of $11.75 and a 12 month high of $18.88. The company has a current ratio of 3.18, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. The firm had revenue of $73.67 million during the quarter. During the same period in the prior year, the business earned $0.09 earnings per share. On average, analysts predict that Triple Flag Precious Metals will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

TFPM has been the subject of several research analyst reports. Jefferies Financial Group raised their target price on 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. Scotiabank increased their price target on 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. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company 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.