In a report released yesterday, Rene Cartier from BMO Capital maintained a Buy rating on Triple Flag Precious Metals (TFPM – Research Report), with a price target of C$27.00.
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Rene Cartier has given his Buy rating due to a combination of factors highlighting Triple Flag Precious Metals’ financial and operational strength. The company’s Q4/24 results were in line with expectations, showcasing solid performance with adjusted EPS and adjusted EBITDA meeting consensus estimates. Triple Flag’s strong cash flow exceeded forecasts, and the company successfully eliminated its debt, enhancing its financial stability.
In addition to its financial performance, Triple Flag has set promising guidance for 2025, with expected GEOs in line with estimates and a robust sales outlook for the coming years. The company is also focused on growth, as evidenced by its recent agreement to acquire a precious metals stream in Peru. With substantial liquidity available for further expansion and a commitment to shareholder returns through share buybacks and dividends, Triple Flag presents a compelling investment opportunity.
In another report released today, Scotiabank also maintained a Buy rating on the stock with a $21.00 price target.
Based on the recent corporate insider activity of 42 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.