The Materials sector company, Triple Flag Precious Metals (TFPM – Research Report), has received a rating update from a Wall Street analyst today. Analyst Greg Barnes from TD Securities reiterated a Buy rating, with a C$27.00 price target.
According to TipRanks.com, Barnes is a 4-star analyst with an average return of 5.5% and a 49.3% success rate. Barnes covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, First Quantum Minerals, and Osisko Gold Royalties.
Currently, the analyst consensus on Triple Flag Precious Metals is a Strong Buy with an average price target of C$26.54, which is a 38.3% upside from current levels. In a report issued on May 23, RBC Capital also maintained a Buy rating on the stock with a $16.00 price target.
Triple Flag Precious Metals Corp is a gold-focused royalty and streaming company. Its assets portfolio includes Northparkes, Fosterville, Cerro Lindo, and Pumpkin Hollow among others.
The company’s shares closed last Wednesday at C$18.79.
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