Scotiabank Keeps Sector Perform Rating for Triple Flag Precious, Reduces Price Target to $34
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2025
0mins
Should l Buy TFPM?
Source: Benzinga
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Analyst Views on TFPM
Wall Street analysts forecast TFPM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TFPM is 37.63 USD with a low forecast of 31.00 USD and a high forecast of 47.55 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 32.760
Low
31.00
Averages
37.63
High
47.55
Current: 32.760
Low
31.00
Averages
37.63
High
47.55
About TFPM
Triple Flag Precious Metals Corp. is a precious metal streaming and royalty company. It offers investors exposure to gold and silver from a total of 237 assets, consisting of 17 streams and 220 royalties, primarily from the Americas and Australia. These streams and royalties are tied to mining assets at various stages of the mine life cycle, including about 30 producing mines and 207 development and exploration stage projects. It has a diversified portfolio of properties in Australia, Canada, Colombia, Cote d’Ivoire, Mexico, Mongolia, Peru, South Africa and the United States. Its diversified portfolio of streams and royalties provides exposure to production from a suite of long-life mining assets, including the Northparkes copper-gold mine in Australia (Evolution Mining), the Cerro Lindo polymetallic mine in Peru (Nexa), the Fosterville gold mine in Australia (Agnico Eagle), the Buritica gold mine in Colombia (Zijin) and the Impala Bafokeng Operations in South Africa (Implats).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Triple Flag Precious Metals (TFPM) Stock Surpasses Analyst Target Price of $37.48
- Price Breakthrough: Triple Flag Precious Metals Corp (TFPM) shares have surpassed the average analyst 12-month target price of $37.48, currently trading at $38.19, indicating market optimism about the company's prospects.
- Analyst Reactions: When a stock reaches an analyst's target price, they may either downgrade on valuation or raise their target, reflecting varying expectations about TFPM's future performance, which could influence investor decisions.
- Target Price Distribution: Among the 11 analysts covered by Zacks, target prices range from $31.00 to $47.52, with a standard deviation of $4.533, highlighting the market's differing views on TFPM's future performance.
- Investor Signal: The stock's rise above the target price provides investors with a signal to reassess the company, prompting them to consider whether to hold or reduce their positions, thereby impacting market liquidity.
See More
One Year into Trump's Presidency, Peru and South Korea Markets Outperform S&P 500 by 90 Percentage Points
- Peru's Market Surge: The iShares MSCI Peru ETF (EPU) soared by 106% over the past year, driven by rising global commodity prices, highlighting the sensitivity of Peru's economy to resource demand, particularly in basic materials and precious metals.
- Metal Price Boost: Gold prices increased by over 75%, silver by about 210%, and copper by roughly 33% in the past year, directly fueling the growth of Peru's stock market, where materials companies saw significant stock price increases.
- South Korea's Semiconductor Rise: The iShares MSCI South Korea ETF (EWY) climbed nearly 100% in the past year, primarily due to strong demand for AI-related semiconductors, particularly high-bandwidth and advanced memory, which significantly boosted the stock prices of Samsung Electronics and SK Hynix.
- Market Performance Comparison: Despite Trump's promise of a
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S&P 500 Futures Decline in Pre-Market Session; ImmunityBio and Enlight Renewable Energy Take the Lead
- ImmunityBio Inc. Performance: ImmunityBio Inc. (IBRX) saw a significant increase of 20.3% in pre-market trading.
- Enlight Renewable Energy Ltd. Performance: Enlight Renewable Energy Ltd. (ENLT) experienced a rise of 7.7% in pre-market trading.
- Market Context: The U.S. stock markets are set to open in two hours, indicating potential volatility.
- Investor Sentiment: The pre-market gains for both companies suggest positive investor sentiment ahead of the market opening.
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Triple Flag Reports Record Q4 Revenue of $118.9 Million
- Record Quarterly Revenue: Triple Flag achieved a record revenue of $118.9 million in Q4 2025 from sales of 28,757 gold equivalent ounces (GEOs), demonstrating the company's robust performance in the precious metals market and solidifying its leadership position.
- Strong Annual Performance: For the full year 2025, Triple Flag reported revenue of $388.7 million and total GEOs of 113,237, successfully reaching the upper half of its GEOs guidance, reflecting the exceptional operation of its top-tier assets and strong market demand.
- Key Growth Projects Milestones: The company made significant progress on critical growth projects including Arcata, Koné, Hope Bay, Goldfield, and Arthur, indicating that its strategic decisions to expand production capacity and enhance shareholder value are yielding positive results.
- Robust Liquidity: With over $1 billion in liquidity, Triple Flag is well-positioned to support its external growth pipeline and capitalize on the rising gold and silver price environment, further enhancing the value of its diversified portfolio.
See More
Elliott Investment Management Acquires 1.3% Stake in Triple Flag Precious Metals
- Share Transaction: Elliott Investment Management, through TFM Aggregator, has entered into an agreement with Goldman Sachs International to potentially sell up to 2,772,500 shares of Triple Flag, representing 1.3% of its outstanding shares, indicating confidence in the company's future.
- Ownership Stake: The Acquiror continues to beneficially own 133,815,727 shares, which constitutes approximately 64.8% of Triple Flag's issued shares, highlighting its significant position and influence within the company.
- Market Strategy: Despite the planned sale of some shares, Elliott Investment Management intends to remain a significant shareholder of Triple Flag, reflecting its trust in the company's leadership and asset quality.
- Future Intentions: The Acquiror has no specific current plans to acquire or dispose of additional securities but may engage in transactions based on market conditions, demonstrating a flexible investment strategy.
See More
ETF Movers on Thursday: PBW, SLVR
ETF Performance: The Sprott Silver Miners & Physical Silver ETF is underperforming, down approximately 4.9% in Thursday afternoon trading.
Weakest Components: Notable declines among ETF components include New Pacific Metals, which fell by about 3.3%, and Triple Flag Precious Metals, down by about 1.2%.
Market Context: The article provides insights into the performance of specific ETFs and their components, reflecting broader market trends.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
See More
Triple Flag Precious Metals (TFPM) Stock Surpasses Analyst Target Price of $37.48
- Price Breakthrough: Triple Flag Precious Metals Corp (TFPM) shares have surpassed the average analyst 12-month target price of $37.48, currently trading at $38.19, indicating market optimism about the company's prospects.
- Analyst Reactions: When a stock reaches an analyst's target price, they may either downgrade on valuation or raise their target, reflecting varying expectations about TFPM's future performance, which could influence investor decisions.
- Target Price Distribution: Among the 11 analysts covered by Zacks, target prices range from $31.00 to $47.52, with a standard deviation of $4.533, highlighting the market's differing views on TFPM's future performance.
- Investor Signal: The stock's rise above the target price provides investors with a signal to reassess the company, prompting them to consider whether to hold or reduce their positions, thereby impacting market liquidity.
See More
One Year into Trump's Presidency, Peru and South Korea Markets Outperform S&P 500 by 90 Percentage Points
- Peru's Market Surge: The iShares MSCI Peru ETF (EPU) soared by 106% over the past year, driven by rising global commodity prices, highlighting the sensitivity of Peru's economy to resource demand, particularly in basic materials and precious metals.
- Metal Price Boost: Gold prices increased by over 75%, silver by about 210%, and copper by roughly 33% in the past year, directly fueling the growth of Peru's stock market, where materials companies saw significant stock price increases.
- South Korea's Semiconductor Rise: The iShares MSCI South Korea ETF (EWY) climbed nearly 100% in the past year, primarily due to strong demand for AI-related semiconductors, particularly high-bandwidth and advanced memory, which significantly boosted the stock prices of Samsung Electronics and SK Hynix.
- Market Performance Comparison: Despite Trump's promise of a
See More
S&P 500 Futures Decline in Pre-Market Session; ImmunityBio and Enlight Renewable Energy Take the Lead
- ImmunityBio Inc. Performance: ImmunityBio Inc. (IBRX) saw a significant increase of 20.3% in pre-market trading.
- Enlight Renewable Energy Ltd. Performance: Enlight Renewable Energy Ltd. (ENLT) experienced a rise of 7.7% in pre-market trading.
- Market Context: The U.S. stock markets are set to open in two hours, indicating potential volatility.
- Investor Sentiment: The pre-market gains for both companies suggest positive investor sentiment ahead of the market opening.
See More
Triple Flag Reports Record Q4 Revenue of $118.9 Million
- Record Quarterly Revenue: Triple Flag achieved a record revenue of $118.9 million in Q4 2025 from sales of 28,757 gold equivalent ounces (GEOs), demonstrating the company's robust performance in the precious metals market and solidifying its leadership position.
- Strong Annual Performance: For the full year 2025, Triple Flag reported revenue of $388.7 million and total GEOs of 113,237, successfully reaching the upper half of its GEOs guidance, reflecting the exceptional operation of its top-tier assets and strong market demand.
- Key Growth Projects Milestones: The company made significant progress on critical growth projects including Arcata, Koné, Hope Bay, Goldfield, and Arthur, indicating that its strategic decisions to expand production capacity and enhance shareholder value are yielding positive results.
- Robust Liquidity: With over $1 billion in liquidity, Triple Flag is well-positioned to support its external growth pipeline and capitalize on the rising gold and silver price environment, further enhancing the value of its diversified portfolio.
See More
Elliott Investment Management Acquires 1.3% Stake in Triple Flag Precious Metals
- Share Transaction: Elliott Investment Management, through TFM Aggregator, has entered into an agreement with Goldman Sachs International to potentially sell up to 2,772,500 shares of Triple Flag, representing 1.3% of its outstanding shares, indicating confidence in the company's future.
- Ownership Stake: The Acquiror continues to beneficially own 133,815,727 shares, which constitutes approximately 64.8% of Triple Flag's issued shares, highlighting its significant position and influence within the company.
- Market Strategy: Despite the planned sale of some shares, Elliott Investment Management intends to remain a significant shareholder of Triple Flag, reflecting its trust in the company's leadership and asset quality.
- Future Intentions: The Acquiror has no specific current plans to acquire or dispose of additional securities but may engage in transactions based on market conditions, demonstrating a flexible investment strategy.
See More
ETF Movers on Thursday: PBW, SLVR
ETF Performance: The Sprott Silver Miners & Physical Silver ETF is underperforming, down approximately 4.9% in Thursday afternoon trading.
Weakest Components: Notable declines among ETF components include New Pacific Metals, which fell by about 3.3%, and Triple Flag Precious Metals, down by about 1.2%.
Market Context: The article provides insights into the performance of specific ETFs and their components, reflecting broader market trends.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
See More
