3 models fit Triple Flag Precious Metals Corp. Common Shares and they disagree: 1 of 3 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
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Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionTriple Flag Precious Metals Corp. Common Shares (TFPM)
Fair value (3 models)
$21.71
ACCE price target
$31.00
Rating
Overvalued
Horizon
12 months
Fair value published on 21 Oct 2026, 13:04 CEST; previously $19.44 since 12 Oct 2026, 00:00 CEST.
ACCE price target published on 10 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 13:04 CEST.
Price used: $28.87 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
33.0% above
-24.8% to fair value
ACCE score
69
out of 100
Analysts
73% buy
11 covering
P/E
14.5x
forward 20.4x
1-year return
+0.0%
Dividend yield
0.82%
Triple Flag Precious Metals Corp. Common Shares in four questions
Plain answers, details below
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Overview
ACCE thesis
Triple Flag Precious Metals earns royalties and streams on gold, silver and other metals from mines it does not operate, so its cost base is largely set by the operators and its own gross margin runs at 85.8%. The model's edge is structural: when a mine's costs rise, the royalty holder is paid on output rather than profit, which keeps operating margins at 65.1% even through a cost squeeze. Revenue grew 37.3%, and the next leg depends on new stream and royalty acquisitions and on production ramping at existing assets, both of which tie directly to the gold price and deal flow. At a trailing P/E of 15.4 against a forward P/E of 23.7, the market is pricing in earnings that dip before recovering, which is worth testing against the company's acquisition pipeline and its exposure to a sustained gold price move before going further.