Triple Flag Precious Metals Corp. (TFPM) to Issue Quarterly Dividend of $0.06 on March 16th

Triple Flag Precious Metals Corp. (NYSE:TFPM) declared a quarterly dividend on Wednesday, February 18th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.0575 per share on Monday, March 16th. This represents a c) annualized dividend and a dividend 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 Price Performance

Shares of TFPM traded up $0.87 during mid-day trading on Friday, reaching $41.28. The company’s stock had a trading volume of 444,658 shares, compared to its average volume of 605,778. Triple Flag Precious Metals has a 12-month low of $16.40 and a 12-month high of $41.39. The stock has a market cap of $8.53 billion, a PE ratio of 34.98, a price-to-earnings-growth ratio of 1.10 and a beta of -0.21. The company’s 50 day moving average is $36.15 and its 200 day moving average is $31.87.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $118.92 million during the quarter, compared to the consensus estimate of $114.92 million. Triple Flag Precious Metals had a return on equity of 10.82% and a net margin of 61.74%. As a group, sell-side analysts anticipate that Triple Flag Precious Metals will post 0.71 EPS for the current fiscal year.

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.