Does TRIPLE FLAG PRECIOUS MET (NYSE:TFPM) meet the Minervini criteria?

Growth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if TRIPLE FLAG PRECIOUS MET (NYSE:TFPM) is suited for growth investing. Investors should of course do their own research, but we spotted TRIPLE FLAG PRECIOUS MET showing up in our Minervini growth screen, so it may be worth spending some more time on it.

Minervini Trend Template Analysis.

TFPM checks all the boxes when evaluating the Minervini Trend Template. This is a set of basic technical criteria to identify stocks in strong uptrends:

• ✔ Relative Strength is above 70.
• ✔ Current price is within 25% of it's 52-week high.
• ✔ Current price is at least 30% above it's 52-week low.
• ✔ The current price is above the 50-, 150- and 200-day SMA price line.
• ✔ The SMA(200) is trending upwards.
• ✔ The SMA(150) is above the SMA(200)
• ✔ The SMA(50) is above the SMA(150) and the SMA(200)

Exploring TFPM's Growth

ChartMill assigns a High Growth Momentum Rating (HGM) to each stock, ranging from 0 to 10. This rating is determined by analyzing different growth and profitability elements, including EPS and revenue growth, accelleration, surprises and revisions. In the case of TFPM, the assigned 6 reflects its growth potential:

Earnings Momentum

• The recent financial report of TFPM demonstrates a 100.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• The earnings per share (EPS) growth of TFPM is accelerating: the current Q2Q growth of 100.0% is above the previous quarter Q2Q growth of 66.67%. Earnings momentum and acceleration are key for high growth systems.
• EPS growth accelerated for 2 quarters in a row.
• Over the past year, TFPM has demonstrated 70.59% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• The q2q revenue growth of 43.44% of TFPM highlights the company's ability to generate incremental revenue and suggests positive market demand for its products or services.
• The 1-year revenue growth of TFPM (31.84%) has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and expand its market share.
• TFPM has consistently surpassed EPS estimates in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.

Financial Strength & Profitability

• With positive growth in its free cash flow (FCF) over the past year, TFPM showcases its ability to generate strong cash flows and maintain a solid financial position. This growth reflects the company's efficient utilization of capital and its commitment to long-term value creation.
• TFPM has a Debt/Equity ratio of 0.0, indicating a balanced approach to financing growth.

Institutional Confidence & Market Strength

• TFPM exhibits a favorable ownership structure, with an institutional shareholder ownership of 86.11%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.
• TFPM has achieved an impressive Relative Strength (RS) rating of 93.69, showcasing its ability to outperform the broader market.

Looking at the Setup

ChartMill also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, TFPM exhibits a 3 setup rating, indicating its consolidation status in recent days and weeks.

Although TFPM has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Our latest full technical report of TFPM contains the most current technical analsysis.

Concluding

More ideas for high growth momentum stocks can be found on ChartMill in our High Growth Momentum + Trend Template screen.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.