BMO Capital analyst Rene Cartier downgraded Triple Flag (TFPM) to Market Perform from Outperform with a price target of C$35, up from C$33. The firm cites valuation for the downgrade following a period of strong price performance in 2025, with shares gaining 60%. BMO continues to see growth in production for Triple Flag in the medium to long term, but its near-term estimates showcase a decrease. Relative to other mid-cap royalty peers, Triple Flag shares are now trading at a premium on net asset value, the firm adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TFPM:
- Hold Rating on Triple Flag Precious Metals Amidst Premium Valuation and Production Challenges
- Triple Flag price target raised to C$39 from C$36 at TD Securities
- Orogen Royalties says ISS recommends shareholders vote for arrangemet resolution
- Orogen files management information circular for Annual, Special Meeting
- Elliott buys Equinix, exits NRG in Q1