How to Buy Triple Flag Precious Metals Stock
Triple Flag Precious Metals Corp
Triple Flag Precious Metals is a precious metal company located in Ontario, Canada, which is part of the Basic Materials sector, and is traded under the ticker TFPM on the NYSE exchange.
Triple Flag Precious Metals stock last closed at $25.13, up 2.61% from the previous day, and has increased 67.53% in one year. It has overperformed other stocks in the Other Precious Metals & Mining industry by 0.45 percentage points. Triple Flag Precious Metals stock is currently +80.27% from its 52-week low of $13.94, and -1.26% from its 52-week high of $25.45.
There are currently 200.82M TFPM shares outstanding. The market value of TFPM is $5.05B. In the past 24 hours, 560,000 TFPM shares were traded.
How to Buy Triple Flag Precious Metals Stock
Wondering how to invest in Triple Flag Precious Metals stock? Here's how.
- Figure out where to buy Triple Flag Precious Metals stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Triple Flag Precious Metals stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Choose your payment method and add your details.
- Research Triple Flag Precious Metals stock: The Triple Flag Precious Metals ticker symbol is TFPM. Is Triple Flag Precious Metals stock a good investment? Should you buy shares of TFPM? How do TFPM's underlying business fundamentals look? Do top analysts think Triple Flag Precious Metals is a good buy? Why has TFPM's stock price moved recently? (Hint: Our stock research website can help you evaluate if TFPM is a good stock to buy).
- Execute your TFPM trade: Decide if you will purchase TFPM shares at the current market price or use a limit order to buy TFPM shares at a given price.
- Get key alerts regarding your TFPM position: Create a watchlist to important notifications about your new investment in Triple Flag Precious Metals stock.
Step 1: Figure out where to buy Triple Flag Precious Metals stock
You will need a brokerage account in order to access the NYSE market and buy TFPM stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal details so you can buy TFPM stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start a new trading account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have opened your account on the best stock app to use, you can securely and quickly fund your account:
Check out the walkthrough below to see the process of depositing funds into your investment account.
Step 4: Research Triple Flag Precious Metals stock
After you have decided on the best place to buy Triple Flag Precious Metals stock, it's absolutely critical to research their stock prior to investing, so you truly wrap your head around the risk as well as the opportunity.
Triple Flag Precious Metals shares quick numbers
TFPM Overview
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on TFPM's stock page.
Is TFPM stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge TFPM's fair value.
Using relative valuations ratios:
- TFPM may be overvalued based on its P/E ratio of 628.25x, relative to Other Precious Metals & Mining industry P/E ratio of 171.49x
- TFPM may be overvalued based on its P/B ratio of 2.86x, relative to Other Precious Metals & Mining industry P/B ratio of 2x
- TFPM could be overvalued based on its PEG ratio of 1.95x
You can access additional valuation analysis on TFPM's stock here.
TFPM Financial Summary
Pros:
- TFPM has a low debt to equity ratio of 0.02.
- There are more short-term assets than short-term liabilities on the TFPM balance sheet.
- TFPM's operating cash flow of $240.48M allows it to safely service it's debt of $1.61M.
- There are more short-term assets than long-term liabilities on the TFPM balance sheet.
Cons:
- TFPM profit margin has gone down from 17.6% to 1.7% in the past year.
- TFPM earnings of $20.99M is not sufficient to cover its interest payments.
Is Triple Flag Precious Metals stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 Equities analysts who give recommendations on TFPM, the consensus analyst rating on TFPM is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Triple Flag Precious Metals stock forecast page.
TFPM Momentum
TFPM Revenue
Last year, TFPM earnings were $5.01M. In the past 2 year, TFPM's earnings have gone up by -65.7% per year. This was slower than the Other Precious Metals & Mining industry average of -8.19%.
Last year, TFPM revenue was $293.71M. In the last 2 year, TFPM's revenue has gone up by 33.66% per year. This was faster than the Other Precious Metals & Mining industry average of 20.07%.
Dig into TFPM's earnings and revenue performance here.
Latest Insiders Trades at TFPM
In the past year, executives and large shareholders at TFPM have not bought or sold any shares.
Learn more about who owns TFPM shares here.
Does TFPM stock generate passive income?
Triple Flag Precious Metals pays a dividend of 0.22%, compared to the Other Precious Metals & Mining industry's average dividend yield of 0.49%. If you owned $1,000 of TFPM stock, you would have received $2.19 in the past 12 months.
Get more analysis about Triple Flag Precious Metals dividend yield and history here.
What do other traders have to say about TFPM?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your TFPM trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount, place a limit order.
Click the Open button and eToro will place your order.
If you need more help investing in stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your TFPM position
Now that you own some shares in TFPM, you'll want to keep up with your investment.
Put TFPM on a watchlist to keep tabs on your TFPM stock.
TFPM Feed
How to Buy Stock in Triple Flag Precious Metals
To reiterate, here are the 6 steps you need to take to buy Triple Flag Precious Metals stock right now:
- Figure out where to buy Triple Flag Precious Metals stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Research Triple Flag Precious Metals stock
- Execute your TFPM trade
- Get key alerts regarding your TFPM position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to watch your investment in Triple Flag Precious Metals, create a watchlist today.
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