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Triple Flag Precious Metals ( (TSE:TFPM) ) has shared an update.
Triple Flag Precious Metals has completed the acquisition of Orogen Royalties, including a 1.0% net smelter returns royalty on the Arthur Gold Project in Nevada, enhancing its portfolio with a high-quality gold asset. The acquisition, valued at C$171.5 million in cash and 5,633,629 Triple Flag shares, positions Triple Flag for long-term growth and exploration potential, while its C$10 million investment in Orogen Spinco provides exposure to early-stage royalties and collaboration with a proven management team.
The most recent analyst rating on (TSE:TFPM) stock is a Buy with a C$30.00 price target. To see the full list of analyst forecasts on Triple Flag Precious Metals stock, see the TSE:TFPM Stock Forecast page.
Spark’s Take on TSE:TFPM Stock
According to Spark, TipRanks’ AI Analyst, TSE:TFPM is a Neutral.
Triple Flag Precious Metals exhibits strong financial performance and strategic growth initiatives, supported by a stable balance sheet and strategic acquisitions. However, the company’s high P/E ratio and overbought technical indicators suggest caution due to potential overvaluation and market corrections.
To see Spark’s full report on TSE:TFPM stock, click here.
More about Triple Flag Precious Metals
Triple Flag Precious Metals is a precious metals streaming and royalty company that provides investors with exposure to gold and silver through a portfolio of 237 assets, including 17 streams and 220 royalties, primarily located in the Americas and Australia. The company is listed on the Toronto Stock Exchange and New York Stock Exchange under the ticker ‘TFPM’.
Average Trading Volume: 154,927
Technical Sentiment Signal: Buy
Current Market Cap: C$6.73B
See more insights into TFPM stock on TipRanks’ Stock Analysis page.