Bank of America Securities Reaffirms Their Buy Rating on Triple Flag Precious Metals (TFPM)

Bank of America Securities analyst Lawson Winder reiterated a Buy rating on Triple Flag Precious Metals yesterday and set a price target of $37.00.

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According to TipRanks, Winder is a 5-star analyst with an average return of 15.7% and a 57.54% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Barrick Mining, and Freeport-McMoRan.

In addition to Bank of America Securities, Triple Flag Precious Metals also received a Buy from TR | OpenAI – 4o’s Jax Silvarra in a report issued yesterday. However, on the same day, Scotiabank maintained a Hold rating on Triple Flag Precious Metals (TSX: TFPM).

Based on Triple Flag Precious Metals’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$94.09 million and a net profit of C$55.74 million. In comparison, last year the company earned a revenue of C$63.58 million and had a GAAP net loss of C$111.44 million

Based on the recent corporate insider activity of 17 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.