Triple Flag Precious Metals Corp. (TFPM) To Go Ex-Dividend on November 30th

Triple Flag Precious Metals Corp. (NYSE:TFPM) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Monday, November 30th will be given a dividend of $0.06 per share on Tuesday, December 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, November 30th.

Triple Flag Precious Metals has a payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Triple Flag Precious Metals to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 17.8%.

Triple Flag Precious Metals Trading Up 6.7%

NYSE:TFPM opened at $30.14 on Thursday. The firm’s fifty day simple moving average is $31.53 and its 200 day simple moving average is $32.70. Triple Flag Precious Metals has a twelve month low of $26.61 and a twelve month high of $41.70. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 3.01 and a beta of -0.09.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. The firm had revenue of $106.70 million during the quarter, compared to the consensus estimate of $106.70 million. Triple Flag Precious Metals had a return on equity of 14.01% and a net margin of 82.56%. On average, analysts predict that Triple Flag Precious Metals will post 1.33 earnings per share for the current year.

Hedge Funds Weigh In On Triple Flag Precious Metals

A number of hedge funds have recently added to or reduced their stakes in TFPM. Tidal Investments LLC raised its holdings in Triple Flag Precious Metals by 15.8% in the 2nd quarter. Tidal Investments LLC now owns 2,949,715 shares of the company’s stock worth $88,403,000 after acquiring an additional 402,924 shares during the period. Van ECK Associates Corp boosted its position in shares of Triple Flag Precious Metals by 2.3% during the 2nd quarter. Van ECK Associates Corp now owns 2,336,139 shares of the company’s stock valued at $70,018,000 after acquiring an additional 53,175 shares in the last quarter. Beutel Goodman & Co Ltd. grew its stake in shares of Triple Flag Precious Metals by 31.2% in the 3rd quarter. Beutel Goodman & Co Ltd. now owns 1,549,883 shares of the company’s stock valued at $47,803,000 after purchasing an additional 368,736 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at $29,283,000. Finally, Dimensional Fund Advisors LP grew its stake in Triple Flag Precious Metals by 8.7% during the first quarter. Dimensional Fund Advisors LP now owns 598,967 shares of the company’s stock worth $20,787,000 after buying an additional 48,144 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a precious metals streaming and royalty company headquartered in Toronto, Canada. The company provides upfront financing to mining companies in exchange for the right to purchase a portion of future production, typically at predetermined prices. Its agreements are primarily focused on gold and silver, along with other precious metals and related by-products.

Triple Flag does not generally operate mines directly. Instead, it builds a diversified portfolio of streams and royalties linked to producing, developing and exploration-stage assets.