Skip to main content

Canaccord Genuity Reaffirms Their Hold Rating on Triple Flag Precious Metals (TFPM)

Tipranks - Fri Jan 16, 9:36AM CST

Canaccord Genuity analyst Carey MacRury maintained a Hold rating on Triple Flag Precious Metals yesterday and set a price target of C$50.00.

Claim 70% Off TipRanks Premium

According to TipRanks, MacRury is a top 100 analyst with an average return of 29.8% and a 67.80% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Eldorado Gold, Newmont Mining, and Elemental Royalties.

Currently, the analyst consensus on Triple Flag Precious Metals is a Moderate Buy with an average price target of C$52.43.

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.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.