Triple Flag Precious Metals Corp. (TFPM) to Distribute Quarterly Dividend of $0.06 on September 15th

Triple Flag Precious Metals Corp. (NYSE:TFPM) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 31st will be paid a dividend of 0.06 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, August 31st. This is a 4.3% increase from Triple Flag Precious Metals’s previous quarterly dividend of $0.06.

Triple Flag Precious Metals has a dividend payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Triple Flag Precious Metals to earn $1.38 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 16.7%.

Triple Flag Precious Metals Trading Up 2.9%

Shares of NYSE:TFPM opened at $32.18 on Friday. The firm has a market capitalization of $6.63 billion, a PE ratio of 16.17, a PEG ratio of 2.76 and a beta of -0.18. The business’s 50 day moving average is $29.27 and its 200-day moving average is $33.13. Triple Flag Precious Metals has a 1-year low of $24.75 and a 1-year high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. The company had revenue of $129.20 million during the quarter, compared to analysts’ expectations of $129.20 million. On average, sell-side analysts predict that Triple Flag Precious Metals will post 1.43 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TFPM. Norges Bank bought a new stake in Triple Flag Precious Metals in the fourth quarter valued at about $49,550,000. Tidal Investments LLC boosted its holdings in Triple Flag Precious Metals by 59.5% during the third quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock worth $70,113,000 after buying an additional 893,566 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Triple Flag Precious Metals by 1,619.6% during the 3rd quarter. Vanguard Group Inc. now owns 928,368 shares of the company’s stock worth $27,177,000 after buying an additional 874,382 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Triple Flag Precious Metals by 39.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock worth $77,373,000 after buying an additional 753,923 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Triple Flag Precious Metals by 25.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company’s stock valued at $76,908,000 after acquiring an additional 530,357 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.