RBC Capital Sticks to Its Hold Rating for Triple Flag Precious Metals (TFPM)
In a report released on March 2, Josh Wolfson from RBC Capital maintained a Hold rating on Triple Flag Precious Metals, with a price target of $34.00. The company’s shares closed yesterday at C$56.17.
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Wolfson covers the Basic Materials sector, focusing on stocks such as Royal Gold, Triple Flag Precious Metals, and Barrick Mining. According to TipRanks, Wolfson has an average return of 29.6% and a 72.33% success rate on recommended stocks.
In addition to RBC Capital, Triple Flag Precious Metals also received a Hold from TipRanks – Anthropic’s Anthropic Materials CA in a report issued on February 20. However, on February 26, Bank of America Securities maintained a Buy rating on Triple Flag Precious Metals (TSX: TFPM).
Based on Triple Flag Precious Metals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$120.74 million and a net profit of C$78.01 million. In comparison, last year the company earned a revenue of C$74.21 million and had a net profit of C$41.28 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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