Canada's Triple Flag Q1 adjusted net income beats estimates

Triple Flag Precious Metals

05/05/2026 22:13

Overview

Canada precious metals streamer reported record Q1 revenue, up 79% yr/yr

Q1 adjusted EBITDA beat analyst expectations

Company completed $23 mln copper royalty acquisition in Arizona

Outlook

Triple Flag maintains 2026 GEOs sales guidance of 95,000 to 105,000 ounces

Company maintains 2030 GEOs outlook of 140,000 to 150,000 ounces

Triple Flag says strong liquidity supports deal pipeline and shareholder returns

Result Drivers

HIGHER SILVER SALES - Increased silver deliveries from Cerro Lindo and other assets contributed to record GEOs and revenue

PORTFOLIO EXPANSION - Completion of the Gunnison copper royalty acquisition added valuable copper exposure in the U.S.

PRODUCTION RAMP-UP - Increased output from assets such as Northparkes and Arcata supported higher GEOs sold

Company press release: ID:nBw7jLFVfa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted Net Income
Beat
$92.70 mln
$89.79 mln (1 Analyst)
Q1 Net Income
$116.92 mln
Q1 Adjusted EBITDA
Beat
$128.57 mln
$120.66 mln (6 Analysts)
Q1 Operating Cash Flow
$113.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for Triple Flag Precious Metals Corp is C$60.00, about 40.5% above its May 4 closing price of C$42.70

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 27 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)