RBC Capital Sticks to Their Hold Rating for Triple Flag Precious Metals (TFPM)
In a report released on February 3, 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$47.80.
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According to TipRanks, Wolfson is a top 100 analyst with an average return of 24.4% and a 70.02% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Gold Fields, Kinross Gold, and Anglogold Ashanti PLC.
Currently, the analyst consensus on Triple Flag Precious Metals is a Moderate Buy with an average price target of $42.02, a -12.10% downside from current levels. In a report released on January 26, Scotiabank also maintained a Hold rating on the stock with a $43.00 price target.
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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