Triple Flag Precious Metals Corp. (NYSE:TFPM) Plans $0.06 Quarterly Dividend

Triple Flag Precious Metals Corp. (NYSE:TFPM) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Monday, June 1st will be given a dividend of 0.0575 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, June 1st.

Triple Flag Precious Metals has a payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Triple Flag Precious Metals to earn $1.47 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 15.6%.

Triple Flag Precious Metals Trading Up 4.6%

Triple Flag Precious Metals stock traded up $1.43 during mid-day trading on Wednesday, reaching $32.55. The company’s stock had a trading volume of 107,936 shares, compared to its average volume of 618,343. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.73 and a beta of -0.20. The business has a 50 day moving average price of $35.57 and a 200-day moving average price of $34.13. Triple Flag Precious Metals has a twelve month low of $19.36 and a twelve month high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $147.00 million during the quarter, compared to the consensus estimate of $147.00 million. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%. On average, equities analysts expect that Triple Flag Precious Metals will post 1.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Triple Flag Precious Metals

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. bought a new stake in shares of Triple Flag Precious Metals during the third quarter valued at about $27,000. Banque Cantonale Vaudoise bought a new stake in shares of Triple Flag Precious Metals during the first quarter valued at about $33,000. Quarry LP bought a new stake in shares of Triple Flag Precious Metals during the third quarter valued at about $33,000. Aventura Private Wealth LLC bought a new stake in shares of Triple Flag Precious Metals during the fourth quarter valued at about $38,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Triple Flag Precious Metals by 120.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock valued at $40,000 after purchasing an additional 664 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

About Triple Flag Precious Metals

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.