TRIPLE FLAG PRECIOUS MET (NYSE:TFPM) – A High-Growth Momentum Stock with Strong Technical Setup

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.

For a deeper technical breakdown, review the full technical report for TFPM.

Our High Growth Momentum Breakout Setups Screen identifies more stocks with similar growth and technical characteristics.

Disclaimer

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.