Triple Flag Precious Metals (TFPM – Research Report), the Materials sector company, has received a rating update from a Wall Street analyst on October 4. Analyst Josh Wolfson from RBC Capital remains bullish on the stock and has a $15.00 price target.
According to TipRanks.com, Wolfson is a 3-star analyst with an average return of 0.6% and a 49.1% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti PLC.
Currently, the analyst consensus on Triple Flag Precious Metals is a Strong Buy with an average price target of C$23.34, implying a 34.9% upside from current levels. In a report issued on September 25, National Bank also maintained a Buy rating on the stock with a C$23.50 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 Thursday at C$17.39.
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