Triple Flag Precious Metals Corp. (TFPM) To Go Ex-Dividend on June 1st

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

Triple Flag Precious Metals has a dividend payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Triple Flag Precious Metals to earn $1.44 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 16.0%.

Triple Flag Precious Metals Trading Up 3.3%

Shares of NYSE TFPM opened at $31.62 on Friday. Triple Flag Precious Metals has a 12 month low of $21.54 and a 12 month high of $41.70. The firm has a market capitalization of $6.53 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 5.61 and a beta of -0.20. The firm has a fifty day simple moving average of $33.39 and a two-hundred day simple moving average of $34.53.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. The business had revenue of $147.00 million during the quarter, compared to analyst estimates of $147.00 million. On average, sell-side analysts predict that Triple Flag Precious Metals will post 1.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on TFPM. Zacks Research lowered shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Monday, April 20th. Wall Street Zen upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Triple Flag Precious Metals has an average rating of “Moderate Buy” and an average target price of $34.33.

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.