Triple Flag Precious Metals Corp. (NYSE:TFPM) Fits Minervini Trend Template with Strong Growth Momentum

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been selected through a screening process that blends Mark Minervini’s Trend Template with a High Growth Momentum (HGM) filter. This method ensures the stock meets strict technical standards for strong upward trends while also displaying fundamental growth traits that attract momentum investors. The strategy targets stocks with solid price movement, high relative strength, and improving earnings, key parts of Minervini’s approach, while the HGM rating verifies the company’s growth potential.

Why TFPM Matches the Minervini Trend Template

The Minervini Trend Template helps spot stocks in strong upward trends by assessing moving averages, relative strength, and price stability. TFPM fits these standards as follows:

1. Price Above Key Moving Averages

   • The stock trades at $23.53, above its 50-day ($23.37), 150-day ($19.85), and 200-day ($19.09) moving averages.
   • The 50-day MA is higher than the 150-day and 200-day MAs, confirming a positive trend across timeframes.

2. Rising Moving Averages

   • The 200-day MA has been increasing for months, supporting a long-term upward trend.

3. High Relative Strength

   • TFPM has a relative strength (RS) score of 87.81, meaning it performs better than nearly 88% of all stocks.

4. Price Close to 52-Week High

   • The stock is within 7.5% of its 52-week high ($25.45), a key Minervini factor for momentum.

5. Stability and Breakout Chance

   • The stock has stayed between $22.70 and $24.60, forming a possible base for a breakout.

High Growth Momentum (HGM) Fundamentals

Beyond technical strength, TFPM qualifies as a high-growth stock based on improving earnings and revenue:

• Earnings Growth

  • EPS (TTM) rose 69.2% YoY, with recent quarterly EPS growth of 66.7%.
  • The company has exceeded EPS estimates in all of the last four quarters, with an average beat of 6.9%.

• Revenue Growth

  • Revenue (TTM) grew 39% YoY, with the latest quarter showing 43% growth.
  • Sales growth has been steady, with prior quarters posting 49.1% and 43.4% YoY increases.

• Profit Margins

  • The latest quarter’s profit margin is 55.3%, indicating strong efficiency.

These fundamentals match Minervini’s focus on companies with improving earnings and revenue, a key factor for long-term stock growth.

Technical Analysis Summary

The ChartMill Technical Report gives TFPM a 9 out of 10 for technical strength, noting:

• A long-term upward trend with recent stability.
• Strong support near $22.62–$23.37, offering a clear stop-loss level.
• Resistance at $24.73, with a possible breakout target near $25.13.
• The setup rating of 8 suggests a good entry point as volatility decreases.

Next Steps for Investors

For traders following the Minervini strategy, TFPM offers a strong opportunity with its upward trend, high relative strength, and solid earnings growth. Investors looking for similar high-growth momentum stocks can find more options using the High Growth Momentum + Trend Template screen.

Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Always conduct your own research and consider risk management strategies before trading.