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Triple Flag Precious Metals
(TSX:TFPM)
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Rating:77Outperform
Price Target:
C$56.00
▲(15.20% Upside)
Action:Reiterated
Date:08/10/26
The score is driven primarily by strong core fundamentals (high recent profitability and low leverage) and a very constructive earnings update with raised guidance and growth catalysts. Offsetting these positives are weak cash conversion in the latest TTM (meaningfully negative free cash flow) and somewhat stretched technical momentum, while valuation is reasonable but not strongly supported by dividend yield.
Positive Factors
Revenue scale and profitability
Revenue has expanded substantially over several years while current profitability remains very high, indicating meaningful portfolio scale and strong economics from streaming and royalty interests. This growth can support reinvestment, shareholder returns, and continued expansion of the asset base.
Negative Factors
Weak free cash flow conversion
Negative free cash flow reduces cash available for shareholders and makes reported earnings less representative of near-term distributable funds. Although operating cash generation is solid, heavy reinvestment or timing effects could constrain capital allocation and increase reliance on financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue scale and profitability
Revenue has expanded substantially over several years while current profitability remains very high, indicating meaningful portfolio scale and strong economics from streaming and royalty interests. This growth can support reinvestment, shareholder returns, and continued expansion of the asset base.
Read all positive factors
Triple Flag Precious Metals (TFPM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$8.40B
Dividend Yield0.79%
Average Volume (3M)129.97K
Price to Earnings (P/E)14.6
Beta (1Y)1.76
Revenue Growth49.16%
EPS Growth130.45%
CountryCA
Employees20
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding206,003,040
10 Day Avg. Volume108,214
30 Day Avg. Volume129,972
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)3.31
Price to Sales (P/S)17.10
P/FCF Ratio72.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$57.32Price Target Upside17.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Triple Flag Precious Metals Business Overview & Revenue Model
Company Description
Triple Flag Precious Metals Corp., a precious metals streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties, and other mineral interests in Australia, Canada, Colombia, Cote d’Ivoire, Mexico, Mongolia,...
How the Company Makes Money
TFPM makes money primarily through precious-metals streams and royalties linked to mines operated by other companies. Under a streaming agreement, TFPM generally pays an upfront amount (and may also pay an ongoing per-ounce cash payment) in exchan...
Triple Flag Precious Metals Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 487.99M | 395.51M | 268.99M | 204.02M | 151.88M | 150.42M |
| Gross Profit | 362.87M | 267.19M | 230.76M | 167.18M | 87.00M | 83.25M |
| EBITDA | 456.15M | 315.59M | 69.07M | 110.42M | 114.19M | 124.10M |
| Net Income | 411.24M | 244.21M | -23.08M | 36.28M | 55.09M | 45.53M |
Balance Sheet | ||||||
| Total Assets | 2.57B | 2.11B | 1.77B | 1.89B | 1.34B | 1.30B |
| Cash, Cash Equivalents and Short-Term Investments | 90.87M | 122.02M | 39.26M | 23.63M | 76.47M | 54.34M |
| Total Debt | 235.00M | 1.46M | 1.69M | 59.15M | 1.92M | 1.13M |
| Total Liabilities | 289.81M | 68.14M | 34.26M | 83.72M | 18.55M | 8.79M |
| Stockholders Equity | 2.28B | 2.04B | 1.74B | 1.81B | 1.32B | 1.29B |
Cash Flow | ||||||
| Free Cash Flow | -218.01M | 92.75M | 156.01M | -36.76M | 66.10M | 68.75M |
| Operating Cash Flow | 390.25M | 315.20M | 213.50M | 154.14M | 118.38M | 120.02M |
| Investing Cash Flow | -609.20M | -221.79M | -81.96M | -212.98M | -48.92M | -48.15M |
| Financing Cash Flow | 156.60M | -57.80M | -112.60M | 5.12M | -38.75M | -51.84M |
Triple Flag Precious Metals Technical Analysis
Negative
48.61
Price Trends
44.82
Negative
43.14
Negative
45.45
Negative
Market Momentum
-0.97
Positive
37.66
Neutral
35.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TFPM, the sentiment is Negative. The current price of 48.61 is above the 20-day moving average (MA) of 42.67, above the 50-day MA of 44.82, and above the 200-day MA of 45.45, indicating a bearish trend. The MACD of -0.97 indicates Positive momentum. The RSI at 37.66 is Neutral, neither overbought nor oversold. The STOCH value of 35.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TFPM.
Triple Flag Precious Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$8.40B | 14.59 | 19.46% | 0.79% | 49.16% | 130.45% | |
75 Outperform | C$124.41M | 8.68 | 33.26% | ― | 120.16% | 150.72% | |
69 Neutral | C$470.68M | 6.62 | 38.96% | 1.19% | 206.10% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | C$1.01B | -2,417.59 | -0.11% | 0.49% | 89.40% | 90.03% |
* Basic Materials Sector Average
TSE:TFPM
Triple Flag Precious Metals
40.76
1.42
3.62%
TSE:MTA
Metalla Royalty & Streaming
10.82
1.26
13.18%
TSE:VOXR
Vox Royalty
6.77
0.64
10.49%
TSE:EMPR
Empress Royalty
0.92
0.08
9.52%
Triple Flag Precious Metals Corporate Events
Business Operations and StrategyDividends
Triple Flag Lifts Dividend for Fifth Straight Year
Positive
Aug 5, 2026
Triple Flag Precious Metals Corp. has increased its quarterly cash dividend to US$0.06 per common share, payable on September 15, 2026, to shareholders of record on August 31. The move lifts the forward annualized dividend to US$0.24 per share, up...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Triple Flag lifts dividend after strong Q2 and Ravenswood gold stream deal
Positive
Aug 5, 2026
Triple Flag reported strong second-quarter 2026 financial results, with revenue rising to $129.2 million from $94.1 million a year earlier and operating cash flow increasing to $111.2 million. Net earnings and adjusted EBITDA also advanced sharply...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.