Applying Mark Minervini’s growth stock checklist to TRIPLE FLAG PRECIOUS MET (NYSE:TFPM)

In this article we will dive into TRIPLE FLAG PRECIOUS MET (NYSE:TFPM) as a possible candidate for growth investing. Investors should always do their own research, but we noticed TRIPLE FLAG PRECIOUS MET showing up in our Minervini growth screen, which makes it worth to investigate a bit more.

Checking the Minervini Trend Template.

The Minervini Trend Template is a set of technical criteria designed to identify stocks in strong uptrends. We can check all the boxes for TFPM:

• ✔ 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)

High Growth Analysis for TFPM

Every stock receives a High Growth Momentum Rating (HGM) from ChartMill, ranging from 0 to 10. This rating assesses various growth and profitability aspects, including historical and projected EPS and revenue growth. TFPM boasts a 6 out of 10:

Earnings Momentum

• In the most recent financial report, TFPM reported a 100.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an 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.
• With impressive quarter-to-quarter (Q2Q) revenue growth of 43.44%, TFPM showcases its ability to generate increased sales and revenue. This growth indicates the company's strong customer demand and its effective business strategies.
• With impressive 1-year revenue growth of 31.84%, TFPM showcases its ability to generate increased sales and revenue. This growth highlights the company's strong customer demand and its effective business strategies.
• TFPM has seen a 5.66% change in the average next Quarter EPS Estimate by analysts over the last 3 months, signaling the shifting perception of the company's EPS outlook.
• 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.

Profitability & Financial Strength

• 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.
• Maintaining a Debt-to-Equity ratio of 0.0, TFPM demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.

Market Strength & Institutional Confidence

• TFPM demonstrates a balanced ownership structure, with institutional shareholders at 86.11%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.
• TFPM has achieved an impressive Relative Strength (RS) rating of 93.77, showcasing its ability to outperform the broader market.

How do we evaluate the setup for TFPM?

ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. TFPM currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

TFPM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 19.26, a Stop Loss order could be placed below this zone.

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

More like this

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

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.