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TFPMTriple Flag Precious Metals Corp.
$30.44$6.3B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
TFPM logo

Triple Flag Precious Metals Corp.

TFPM
NYSE · Precious Metals
$30.44
At close - Oct 1, 4:00 PM EDT - USD
Market Cap$6.29B
P/E25.4x
52W High$41.70
Volume356.77K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

High-Margin Royalty Cash Flow Distorted by Lumpy Capital Deployment

Triple Flag presents a high-quality royalty/streaming model benefiting from a structural breakout in 2025, with gross margins expanding from 49.8% in 2024Q3 to 72.0% in 2026Q1. The investment thesis centers on the durable cash generation of its intangible-ligh...

GrowthAccelerating
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

TFPM price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

-17% Peers

P/E is 17% below peer median

03

Market leadership

RS 61 · Avg

Average momentum (RS Rating: 61)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 5
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has accelerated to 76.3% YoY in 2026Q1 with gross margins stabilizing above 68%, but net income is heavily distorted by non-operating items, as seen in 2026Q2 where net margin of 121.0% is nearly double the operating margin of 65.3%.

Analyst Consensus+29.0% target
Buy(4 analysts)
2 Buy2 Hold0 Sell

The Bull Case

Upside Catalysts

Record quarterly revenue

Triple Flag Precious Metals Corp. reported record third-quarter 2025 revenue of US$93.5 million, demonstrating strong operational momentum.

Reaffirmed sales guidance

The company reaffirmed its annual sales guidance of 105,000 to 115,000 ounces, providing investors with clarity on future output.

Compelling growth story

Triple Flag offers a compelling growth story with a solid pipeline of developing assets and a strong balance sheet for future acquisitions.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
TFPM-6.58%
S&P 500 (^GSPC)+11.83%
1-Year Return
TFPM+2.21%
S&P 500 (^GSPC)+14.29%
3-Year Return
TFPM+145.33%
S&P 500 (^GSPC)+76.45%
5-Year Return
TFPM+246.94%
S&P 500 (^GSPC)+74.91%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
25.5x
Forward P/EExpansion
22.5x
EV/EBITDA60th %ile
20.0x
FCF YieldCash Flow
1.5%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
25.5x
39.3x
0th· Low
EV/EBITDA
20.0x
18.1x
60th· Fair
Price/FCF
68.2x
32.5x
75th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$4.60-84.9%
Base (Fair)$8.82-71.2%
Bull$9.55-68.6%
$4.60 Bear$8.82 Base$9.55 Bull
Current Market Price: $30.44
Trades at a 245.1% premium to Base DCF ($8.82)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$396M+47.0% YoY
Net income
$244M+1157.9% YoY
Free cash flow
$93M-40.5% YoY
Operating margin
59.3%+66.0 pts YoY
ROIC (TTM)9.5%
Avg ROIC 5Y-
ROE (TTM)12.9%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$0.39+18.2%
vs $0.33
$129M+0.0%
vs $129M
Q2 2026
May 5, 2026
$0.45+4.7%
vs $0.43
$147M-0.0%
vs $147M
Q1 2026
Feb 18, 2026
$0.33+3.1%
vs $0.32
$119M+0.0%
vs $119M
Q4 2025
Nov 4, 2025
$0.24+9.1%
vs $0.22
$93M-18.7%
vs $115M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·Sep 21, 2026
Head-To-Head Comparison: Materion (NYSE:MTRN) & Triple Flag Precious Metals (NYSE:TFPM)

Materion (NYSE: MTRN - Get Free Report) and Triple Flag Precious Metals (NYSE: TFPM - Get Free Report) are both mid-cap materials companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, earnings, dividends, profitability, risk, valuation and analyst recommendations. Dividends Materion pays an annual dividend

Zacks Investment Research·Sep 14, 2026
Is the Options Market Predicting a Spike in Triple Flag Stock?

Investors need to pay close attention to TFPM stock based on the movements in the options market lately.

PRNewsWire·Sep 9, 2026
The Cheapest Way to Own a Copper Mine Is to Let Someone Else Build It

/PRNewswire/ -- Canada News Group News Commentary - Copper is the metal the energy transition cannot proceed without, and the market reflects it. Fortune

247 Wallst·Sep 9, 2026
Skip the Mine, Pocket the Gold: 5 Royalty Streamers Are Crushing Producers in 2026

Gold near record highs rewards mine operators handsomely, but a quieter group of companies collects checks without touching a shovel, and their cash margins make conventional producers look inefficient by comparison. Five royalty and streaming names dominate the sector, and they are not all worth owning equally.

Filtered for Triple Flag Precious Metals Corp.More Headlines
04

Compare before deciding

Benchmark TFPM against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Triple Flag Precious Metals Corp. (TFPM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TFPM logoTFPMTriple Flag Precious Metals Corp.Current
$30.44$6.29B25.3747.03%61.74%12.93%0.75%
WPM logoWPMWheaton Precious Metals Corp.
$133.42$60.59B40.5583.33%64.66%22.96%—
RGLD logoRGLDRoyal Gold, Inc.
$232.33$19.72B34.7344.57%47.7%11.48%—
FNV logoFNVFranco-Nevada Corporation
$235.79$45.47B40.2463.69%63.79%19.08%—
OR logoOROR Royalties Inc.
$33.98$6.37B30.6147.52%78.04%19.57%—
EMX logoEMXEMX Royalty Corporation
$4.16$453.29M-144.4417.34%18.26%4.19%—

Compare TFPM vs Peers

Triple Flag Precious Metals Corp. (TFPM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WPM

Most directly comparable listed peer for TFPM.

Scale Benchmark

vs NEM

Larger-name benchmark to compare TFPM against a more recognizable public peer.

Peer Set

Compare Top 5

vs WPM, RGLD, FNV, OR

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TFPM Frequently Asked Questions

Triple Flag Precious Metals Corp. (TFPM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Triple Flag Precious Metals Corp.'s revenue?

Triple Flag Precious Metals Corp. (TFPM) reported $488.4M in revenue for fiscal year 2025.

How fast is Triple Flag Precious Metals Corp. growing?

Triple Flag Precious Metals Corp. (TFPM) grew revenue by 47.0% over the past year. This is strong growth.

Is TFPM profitable?

Yes, Triple Flag Precious Metals Corp. (TFPM) is profitable, generating $411.5M in net income for fiscal year 2025 (61.7% net margin).

Dividend & Returns
Does TFPM pay dividends?

Yes, Triple Flag Precious Metals Corp. (TFPM) pays a dividend with a yield of 0.75%. This makes it attractive for income-focused investors.

What is TFPM's return on equity?

Triple Flag Precious Metals Corp. (TFPM) has a return on equity (ROE) of 12.9%. This is reasonable for most industries.

What is Triple Flag Precious Metals Corp.'s free cash flow?

Triple Flag Precious Metals Corp. (TFPM) had negative free cash flow of $217.9M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in TFPM back in 2016?

Total return calculator · dividends reinvested · 10+ years of data

See returns →