Triple Flag Precious Metals (TFPM) Gets a Buy from Bank of America Securities

In a report released today, Lawson Winder from Bank of America Securities maintained a Buy rating on Triple Flag Precious Metals, with a price target of $43.00.

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Winder covers the Basic Materials sector, focusing on stocks such as Pan American Silver, Kinross Gold, and Nucor. According to TipRanks, Winder has an average return of 20.6% and a 60.38% success rate on recommended stocks.

In addition to Bank of America Securities, Triple Flag Precious Metals also received a Buy from TipRanks – xAI’s xAi Materials CA in a report issued today. However, on January 15, BMO Capital maintained a Hold rating on Triple Flag Precious Metals (TSX: TFPM).

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.