Bank of America Securities Reaffirms Their Buy Rating on Triple Flag Precious Metals (TFPM)
Bank of America Securities analyst Lawson Winder maintained a Buy rating on Triple Flag Precious Metals today and set a price target of $40.00.
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Winder covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Royal Gold, and Triple Flag Precious Metals. According to TipRanks, Winder has an average return of 16.7% and a 57.51% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Triple Flag Precious Metals with a $43.72 average price target.
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.
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