TRIPLE FLAG PRECIOUS MET (NYSE:TFPM) stands out as a compelling candidate for high-growth momentum investors, combining strong earnings momentum with a favorable technical breakout pattern. The company, a precious metals streaming and royalty firm, has demonstrated robust financial growth while presenting a technically sound setup for potential entry.
Growth Momentum Highlights
Earnings Growth: TFPM reported a 69.2% year-over-year increase in EPS (TTM), with recent quarterly EPS growth at 66.7%. The next quarter is expected to see a 58.9% rise, indicating sustained momentum.
Revenue Expansion: Sales growth over the past year reached 39%, with the most recent quarter posting a 43% year-over-year increase.
Profit Margins: The company’s profit margin improved significantly to 55.3% in the latest quarter, up from 17.8% a year earlier.
Analyst Revisions: EPS estimates for the next year have been revised upward by 7.9% over the past three months, reflecting improving sentiment.
Consistent Earnings Beats: TFPM has surpassed EPS estimates in each of the last four quarters, with an average beat of 6.9%.
Technical Strength & Setup
TFPM holds a perfect 10 out of 10 in ChartMill’s Technical Rating, reflecting strong price momentum and relative strength. Key technical observations include:
Uptrend Confirmation: Both short-term and long-term trends are positive, with the stock outperforming 91% of the market over the past year.
Bull Flag Pattern: The stock is currently forming a bull flag, suggesting a potential continuation of its upward move after a brief consolidation.
Support & Resistance: A clear support zone exists near $23.75-$23.82, while resistance sits at $25.13. A breakout above this level could signal further upside.
Setup Quality (8/10): Reduced volatility and a recent pocket pivot signal enhance the stock’s appeal for a potential entry.
This is not investment advice. The observations here are based on data available at the time of writing. Always conduct your own research before making investment decisions.