In a report released yesterday, Rene Cartier from BMO Capital reiterated a Hold rating on Triple Flag Precious Metals, with a price target of C$45.00.
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Rene Cartier’s rating is based on several key factors influencing Triple Flag Precious Metals. The company reported slightly better-than-expected financial results for Q3/25, with adjusted earnings per share and EBITDA surpassing both consensus and internal estimates. Despite these positive results, the company’s near-term production growth appears limited, which may temper investor enthusiasm.
Additionally, while Triple Flag has a strong portfolio of long-life, low-cost assets in stable jurisdictions, the liquidity of its shares remains a concern. Furthermore, the ramp-up of certain portfolio assets has faced challenges, adding to the cautious outlook. These elements collectively contribute to the Hold rating, as they suggest a balanced risk-reward scenario for potential investors.
In another report released on November 3, RBC Capital also maintained a Hold rating on the stock with a $28.00 price target.