Triple Flag Precious Metals (TFPM) Gets a Hold from BMO Capital
BMO Capital analyst Rene Cartier maintained a Hold rating on Triple Flag Precious Metals today and set a price target of C$59.00.
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Cartier covers the Basic Materials sector, focusing on stocks such as Triple Flag Precious Metals, Metalla Royalty & Streaming, and OR Royalties. According to TipRanks, Cartier has an average return of 28.6% and a 61.67% success rate on recommended stocks.
In addition to BMO Capital, Triple Flag Precious Metals also received a Hold from RBC Capital’s Josh Wolfson in a report issued on June 3. However, yesterday, Bank of America Securities reiterated 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.
Read More on TSE:TFPM:
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- Triple Flag price target lowered to $39 from $40 at BofA
- 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
