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 $16.20, up 2.27% from the previous day, and has decreased 3.23% in one year. It has overperformed other stocks in the Other Precious Metals & Mining industry by 0.03 percentage points. Triple Flag Precious Metals stock is currently +37.87% from its 52-week low of $11.75, and -6.52% from its 52-week high of $17.33.
As of Apr 25, 2024, there are 201.35M TFPM shares outstanding. The market value of TFPM is $3.26B. In the last 24 hours, 234,844 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 an online brokerage, but don't worry - we've researched dozens of stock 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: Select 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 market research website can help you understand 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 particular price.
- Get key alerts regarding your TFPM position: Create a watchlist to keep track of your new investment in Triple Flag Precious Metals shares.
Step 1: Figure out where to buy Triple Flag Precious Metals stock
You need an online brokerage account to access the NYSE market and buy TFPM shares.
Our recommended brokerage: eToro
We believe that eToro is the best online stock brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to world markets: From Tech to Energy, New York to Shanghai — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, you need to fill out some personal details so you can invest in TFPM stock today.
How to Open a New Brokerage 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 open a new brokerage account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have finished signing up on one of the most highly reviewed stock market apps, your next step is to transfer the money for your investment:
Check out the tutorial below to see the process of transferring money 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 very important to analyze their stock prior to investing, so you truly comprehend the risk as well as the upside.
Triple Flag Precious Metals stock quick numbers
TFPM Due Diligence Checks
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis.
You can view all of the due diligence checks on TFPM's stock page.
How is TFPM stock valued?
You can use many financial metrics, analyses, models, and charts to gauge TFPM's intrinsic value.
Using relative valuations methods:
- TFPM may be overvalued based on its P/E ratio of 90x, relative to Other Precious Metals & Mining industry P/E ratio of 17.57x
- TFPM could be overvalued based on its P/B ratio of 1.8x, relative to Other Precious Metals & Mining industry P/B ratio of 1.65x
You can access additional valuation analysis on TFPM's stock here.
TFPM Financial Summary
Pros:
- TFPM has $33.83M in cash and short term investments. This is sufficient to cover its annual cash burn of $35.06M.
- TFPM has a low debt to equity ratio of 0.05.
- There are more short-term assets than short-term liabilities on the TFPM balance sheet.
Cons:
- TFPM has cash burn of 35057000. It does not have sufficient cash and short-term investments to cover this.
- TFPM profit margin has gone down from 36.3% to 17.8% in the past year.
- There are more long-term liabilities than short-term assets on the TFPM balance sheet.
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 $36.28M. In the past 3 year, TFPM's earnings have gone up by -85.5% per year. This was slower than the Other Precious Metals & Mining industry average of 23.8%.
Last year, TFPM revenue was $204.02M. In the last 3 year, TFPM's revenue has gone up by 93.3% per year. This was faster than the Other Precious Metals & Mining industry average of 63.15%.
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?
No, Triple Flag Precious Metals doesn't provide an income stream by paying out dividends.
What others are saying about TFPM
One of the major 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
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount, use a limit order.
Hit the Open Trade button and eToro will execute the order.
If you need additional info about investing in stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your TFPM position
Now that you own some TFPM shares, you'll want to stay up-to-date on your investment.
Make a watchlist to keep track of your TFPM stock.
TFPM Feed
How to Buy Stock in Triple Flag Precious Metals
To summarize, here are the 6 steps to buy Triple Flag Precious Metals stock:
- 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 need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Triple Flag Precious Metals, click below.
Other Content You Might Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.