Triple Flag Precious Metals (TFPM) Gets a Buy from Bank of America Securities

Bank of America Securities analyst Lawson Winder maintained a Buy rating on Triple Flag Precious Metals yesterday. The company’s shares closed yesterday at C$49.06.

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According to TipRanks, Winder is a 5-star analyst with an average return of 19.3% and a 59.83% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Royal Gold, Newmont Mining, and Triple Flag Precious Metals.

Currently, the analyst consensus on Triple Flag Precious Metals is a Moderate Buy with an average price target of C$60.37.

Based on Triple Flag Precious Metals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$120.74 million and a net profit of C$78.01 million. In comparison, last year the company earned a revenue of C$74.21 million and had a net profit of C$41.28 million

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TFPM in relation to earlier this year.