·贵金属(黄金特许权、流式) ·In-house Research
Triple Flag Precious Metals: Quality Compounder, Fully Priced
Triple Flag is a gold-focused streaming and royalty financier that funds miners and collects metal for years at fixed terms, running a 242-asset book at a 93% asset margin with little operating drag. FY2025 revenue reached US$388.7 million with US$312.8 million operating cash flow, yet at US$30.05 the stock trades above its ideal-buy zone, with Northparkes alone at 26% of consensus NAV. Rating Watch: a high-quality compounder still in transition to senior scale, attractive on quality but not yet on price.
TFPM.US Triple Flag Precious Metals Corp. #Gold#Royalty#Streaming#Precious Metals#Compounder#Valuation
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