RBC Capital Sticks to Their Hold Rating for Triple Flag Precious Metals (TFPM)
In a report released yesterday, Josh Wolfson from RBC Capital maintained a Hold rating on Triple Flag Precious Metals, with a price target of $44.00.
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According to TipRanks, Wolfson is a 5-star analyst with an average return of 20.4% and a 63.51% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Royal Gold, and Barrick Mining.
Currently, the analyst consensus on Triple Flag Precious Metals is a Moderate Buy with an average price target of $44.95.
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.
