Bank of America Securities Remains a Buy on Triple Flag Precious Metals (TFPM)

Bank of America Securities analyst Lawson Winder maintained a Buy rating on Triple Flag Precious Metals today. The company’s shares closed last Friday at C$41.98.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

According to TipRanks, Winder is a 5-star analyst with an average return of 17.1% and a 58.06% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Barrick Mining, Freeport-McMoRan, and Newmont Mining.

In addition to Bank of America Securities, Triple Flag Precious Metals also received a Buy from CIBC’s Cosmos Chiu in a report issued on October 10. However, on October 9, Canaccord Genuity maintained a Hold rating on Triple Flag Precious Metals (TSX: TFPM).

Based on Triple Flag Precious Metals’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$94.09 million and a net profit of C$55.74 million. In comparison, last year the company earned a revenue of C$63.58 million and had a GAAP net loss of C$111.44 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.