BMO Capital analyst Rene Cartier maintained a Buy rating on Triple Flag Precious Metals (TFPM – Research Report) yesterday and set a price target of C$31.00.
Rene Cartier has given his Buy rating due to a combination of factors including Triple Flag’s slightly better than expected Q1/25 metal sales, particularly driven by strong gold performance. The company reported preliminary GEOs of 28.8koz, surpassing the anticipated 27.5koz, and generated revenues of $82.2M, with gold contributing significantly at $62.7M.
Furthermore, Triple Flag’s portfolio is characterized by high-quality, long-life assets with royalties and streams in low-cost, stable jurisdictions. The company is targeting near-term production and cash flow growth, offering an attractive dividend yield. However, Cartier notes that liquidity concerns and challenges in ramping up certain portfolio assets remain potential risks.
In another report released on April 8, Bank of America Securities also maintained a Buy rating on the stock with a $24.00 price target.
Based on the recent corporate insider activity of 45 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.