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Triple Flag Precious Metals (TFPM) Receives a Rating Update from a Top Analyst

Tipranks - Tue Jun 16, 7:24PM CDT

Stifel Nicolaus analyst Ingrid Rico maintained a Buy rating on Triple Flag Precious Metals yesterday and set a price target of C$65.00.

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According to TipRanks, Rico is a top 100 analyst with an average return of 33.8% and a 67.40% success rate. Rico covers the Basic Materials sector, focusing on stocks such as Orla Mining, Wheaton Precious Metals, and Equinox Gold.

In addition to Stifel Nicolaus, Triple Flag Precious Metals also received a Buy from Bank of America Securities’s Lawson Winder in a report issued on June 14. However, yesterday, 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.

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