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Raymond James Sticks to Their Buy Rating for Triple Flag Precious Metals (TFPM)

Tipranks - Thu Jan 15, 4:00PM CST

Raymond James analyst Brian MacArthur maintained a Buy rating on Triple Flag Precious Metals today and set a price target of C$56.00.

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MacArthur covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Royal Gold, and Newmont Mining. According to TipRanks, MacArthur has an average return of 32.2% and a 71.34% success rate on recommended stocks.

Currently, the analyst consensus on Triple Flag Precious Metals is a Moderate Buy with an average price target of C$52.79.

Based on Triple Flag Precious Metals’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$93.46 million and a net profit of C$61.92 million. In comparison, last year the company earned a revenue of C$73.67 million and had a net profit of C$29.65 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.

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