Triple Flag Precious Metals

TFPM · TORONTO

$28.87−$0.50 (−1.70%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $29.37

TFPM analyst rating

BuyConsensus of 4 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy2
Hold2
Underperform0
Sell0

12-month price target · 11 analysts

Average $42.29 (+46.5% upside)

Low: $35.98
Now: $28.87
High: $49.38

Upgrades and downgrades

The latest rating actions, newest first

TFPM analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
RBC Capital	Sep 16, 2026	Maintains	Sector Perform	$40.00 → $41.00	49%
Scotiabank	Jul 14, 2026	Maintains	Sector Perform	$43.00 → $39.00	67%
B of A Securities	Jul 9, 2026	Maintains	Buy	$39.00 → $37.00	61%
Jefferies	Jul 6, 2026	Maintains	Buy	$43.00 → $40.00	52%
Scotiabank	Jan 26, 2026	Maintains	Sector Perform	$34.00 → $43.00	67%
Scotiabank	Nov 7, 2025	Maintains	Sector Perform	$35.00 → $34.00	67%

The case for and against

Updated Dec 15, 2025

Bull case

Triple Flag Precious Metals Corp has demonstrated significant stock performance, with shares gaining approximately 60% in 2025 to date, reflecting broader positive trends within royalty and streaming companies. The company's diversified portfolio of precious metal streams and royalties from long-life mining assets across various countries underpins its revenue stability and growth potential. Geographically, a substantial portion of revenue is derived from its interests in Australian properties, complemented by contributions from operations in Peru and other international markets, reinforcing a solid financial outlook.

Bear case

Triple Flag Precious Metals Corp is projected to experience a significant decline in its production profile, anticipated to drop below the 100koz GEO threshold by 2026, primarily due to reduced streaming rates at the Cerro Lindo mining operation. The company's valuation outlook is concerning, reflecting a potential 40% decrease in both NAV and cash flow per share multiples. Additionally, risks to the stock price include adverse movements in NAV, negative revisions to future earnings, and a potential erosion of valuation multiples, which collectively contribute to a negative sentiment regarding its financial performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.