Analyst Brian MacArthur from Raymond James has adjusted the price target for Triple Flag (TFPM, Financial), increasing it from C$33.50 to C$34. This adjustment reflects a positive outlook on the stock, as the analyst continues to rate the shares with an Outperform recommendation.
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 $22.33 with a high estimate of $26.00 and a low estimate of $19.00. The average target implies an upside of 1.42% from the current price of $22.02. 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 $20.64, suggesting a downside of 6.27% from the current price of $22.02. 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.
TFPM Key Business Developments
Release Date: February 20, 2025
- Record GEOs: 113,000 ounces for the full year 2024.
- Operating Cash Flow: $214 million for 2024.
- Dividend Payout: Over $43 million in 2024, reflecting a 5% increase.
- Share Buybacks: Nearly $9 million returned to shareholders in 2024.
- 2025 GEO Guidance: 105,000 to 115,000 ounces.
- Depletion: Expected between $70 million and $80 million for 2025.
- G&A Expenses: Expected between $24 million and $25 million for 2025.
- Australian Cash Tax Rate: Approximately 25% for 2025.
- Available Capital for Transactions: More than $700 million.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Triple Flag Precious Metals Corp (TFPM, Financial) achieved record GEOs of 113,000 ounces in 2024, marking the eighth consecutive year of GEO growth.
- The company reported an annual operating cash flow of $214 million, benefiting from a rising metal price environment.
- TFPM announced a $28 million acquisition of the Tres Quebradas Royalty, enhancing its portfolio with exposure to a large mining project with significant exploration potential.
- The company paid out over $43 million in dividends in 2024, reflecting a 5% increase, and returned nearly $9 million to shareholders via share buybacks.
- TFPM has a debt-free balance sheet with over $700 million available for new transactions, supporting further growth opportunities.
Negative Points
- The company faces ongoing challenges with illegal miners at the Buritica asset, which may persist and impact operations.
- There is uncertainty regarding the restart of the El Machito asset, which has not contributed deliveries for several quarters.
- The company's future growth is partly dependent on the successful execution of development projects, which carry inherent risks.
- TFPM's reliance on precious metals exposes it to market volatility and price fluctuations in the gold and silver markets.
- The company may face challenges in executing large-scale acquisitions, requiring potential syndication to manage concentration risks.
