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

In a report released yesterday, Josh Wolfson from RBC Capital maintained a Hold rating on Triple Flag Precious Metals, with a price target of $28.00.

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Wolfson covers the Basic Materials sector, focusing on stocks such as Triple Flag Precious Metals, Barrick Mining, and Wheaton Precious Metals. According to TipRanks, Wolfson has an average return of 18.7% and a 67.86% success rate on recommended stocks.

In addition to RBC Capital, Triple Flag Precious Metals also received a Hold from Scotiabank’s Tanya Jakusconek in a report issued on November 5. However, on November 6, Stifel Nicolaus maintained a Buy 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.