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

In a report released on June 15, Josh Wolfson from RBC Capital maintained a Hold rating on Triple Flag Precious Metals, with a price target of $40.00. The company’s shares closed yesterday at C$42.93.

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According to TipRanks, Wolfson is a 5-star analyst with an average return of 21.4% and a 63.93% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Equinox Gold, OR Royalties, and Wheaton Precious Metals.

Currently, the analyst consensus on Triple Flag Precious Metals is a Moderate Buy with an average price target of $41.72, implying a -2.83% downside from current levels. In a report released on June 15, BMO Capital also maintained a Hold rating on the stock with a C$59.00 price target.

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.