Triple Flag Precious Metals (TFPM) Gets a Hold from RBC Capital

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 22.4% and a 66.46% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Royal Gold, and OR Royalties.

In addition to RBC Capital, Triple Flag Precious Metals also received a Hold from Scotiabank’s Tanya Jakusconek in a report issued on May 6. However, on the same day, Bank of America Securities maintained a Buy rating on Triple Flag Precious Metals (TSX: TFPM).

Based on Triple Flag Precious Metals’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$144.58 million and a net profit of C$115.01 million. In comparison, last year the company earned a revenue of C$82.25 million and had a net profit of C$45.52 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.