Scotiabank has adjusted its outlook on Triple Flag Precious Metals Corp. (TFPM, Financial), raising the price target from $21 to $23 while maintaining a Sector Perform rating. This adjustment is part of the bank's broader analysis of the Gold & Precious Minerals sector.
The updated price target reflects Scotiabank's assessment in light of existing market conditions. The firm anticipates that many companies, including Triple Flag, will experience relatively stable margins compared to the previous quarter, due to the typically weaker financial performance seen in the first quarter of the year. Improvement is expected in the latter half of the year.
A significant point of interest highlighted by Scotiabank is the potential impact of tariffs on supply chains and costs. As companies review these factors, the implications of tariff changes may become increasingly important to their financial strategies and performance forecasts.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Triple Flag Precious Metals Corp (TFPM, Financial) is $21.67 with a high estimate of $24.00 and a low estimate of $19.00. The average target implies an upside of 0.40% from the current price of $21.58. More detailed estimate data can be found on the Triple Flag Precious Metals Corp (TFPM) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Triple Flag Precious Metals Corp's (TFPM, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Triple Flag Precious Metals Corp (TFPM, Financial) in one year is $20.02, suggesting a downside of 7.23% from the current price of $21.58. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Triple Flag Precious Metals Corp (TFPM) Summary page.
