Summary
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Triple Flag Precious Metals (TFPM) is identified using Barchart’s screening functions for strong technical buy signals and momentum.
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The stock has shown significant price appreciation since the Trend Seeker buy signal on 2/4, gaining 18.60%.
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TFPM’s technical indicators are highly favorable, including being above key moving averages and having a high Relative Strength Index.
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Fundamental factors such as market cap, P/E ratio, dividend yield, and expected revenue and earnings growth support a positive outlook.
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Analyst sentiment is generally positive with multiple buy ratings and a narrow economic moat according to MorningStar.
.The Chart of the Day belongs to the precious metal and mining company Triple Flag Precious Metals (TFPM) . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 2/4 the stock gained 18.60%.
TFPM Price vs Daily Moving Averages:
TFPM (Barchart)
Triple Flag Precious Metals Corp., a precious metals streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties, and other mineral interests in Australia, Canada, Colombia, Cote d’Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, and the United States. It has a portfolio of streams and royalties providing exposure to copper, gold, silver, nickel, lead, and zinc. The company was founded in 2016 and is based in Toronto, Canada.
Barchart’s Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 38.41+ Weighted Alpha
- 40.48 gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 12.71% in the last month
- Relative Strength Index 73.56%
- Technical support level at $19.09
- Recently traded at $19.96 with 50 day moving average of $17.10
Fundamental Factors:
- Market Cap $3.88 billion
- P/E 32.98
- Dividend yield 1.13%
- Revenue expected to grow 10.09% this year and another .84% next year
- Earnings estimated to increase 28.16% this year and an additional 5.05% next year
Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:
- Wall Street analysts issued 5 strong buy, 5 buy and1 hold opinion on the stock with price targets between $19 and $21
- CFRAs MarketScope give the stock a buy rating
- MorningStar thinks the stock is 34% over valued and comments:” The company’s narrow economic moat rating suggests it should be able to maintain robust profitability for a decade or longer before competition erodes its advantage. “
- 3,820 investors monitor the stock on Seeking Alpha which rates the stock a hold
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
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On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.