Bank of America Securities Remains a Buy on Triple Flag Precious Metals (TFPM)
In a report released yesterday, Lawson Winder from Bank of America Securities reiterated a Buy rating on Triple Flag Precious Metals, with a price target of $39.00.
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Winder covers the Basic Materials sector, focusing on stocks such as Pan American Silver, Triple Flag Precious Metals, and Newmont Mining. According to TipRanks, Winder has an average return of 15.6% and a 54.58% success rate on recommended stocks.
In addition to Bank of America Securities, Triple Flag Precious Metals also received a Buy from Canaccord Genuity’s Carey MacRury in a report issued on June 11. However, on the same day, BMO Capital maintained a Hold 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.
Read More on TSE:TFPM:
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- Triple Flag: High-Quality Portfolio but Limited Near-Term Growth and Reduced Target Price to C$57 Supports Hold Rating
- Triple Flag price target lowered to C$57 from C$60 at BMO Capital
- Triple Flag to acquire gold stream on Ravenswood Gold Mine for $440M
- Canaccord boosts Triple Flag to Buy following pullback
- Triple Flag upgraded to Buy from Hold at Canaccord
