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

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

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According to TipRanks, Winder is a 5-star analyst with an average return of 20.6% and a 60.38% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Pan American Silver, Eldorado Gold, and Kinross Gold.

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 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 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.