Shares of Triple Flag Precious Metals (TFPM Quick QuoteTFPM - Free Report) have been strong performers lately, with the stock up 16.4% over the past month. The stock hit a new 52-week high of $32.64 in the previous session. Triple Flag has gained 114.8% since the start of the year compared to the 26.7% move for the Zacks Basic Materials sector and the 131.8% return for the Zacks Mining - Gold industry.

What's Driving the Outperformance?

The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on August 6, 2025, Triple Flag reported EPS of $0.24 versus consensus estimate of $0.21.

For the current fiscal year, Triple Flag is expected to post earnings of $0.88 per share on $345.8 in revenues. This represents a 62.96% change in EPS on a 28.55% change in revenues. For the next fiscal year, the company is expected to earn $0.93 per share on $348.8 in revenues. This represents a year-over-year change of 5.68% and 0.87%, respectively.

Valuation Metrics

Though Triple Flag has recently hit a 52-week high, what is next for Triple Flag? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.

On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.

Triple Flag has a Value Score of D. The stock's Growth and Momentum Scores are B and A, respectively, giving the company a VGM Score of B.

In terms of its value breakdown, the stock currently trades at 36.6X current fiscal year EPS estimates, which is a premium to the peer industry average of 16.8X. On a trailing cash flow basis, the stock currently trades at 35X versus its peer group's average of 18.5X. Additionally, the stock has a PEG ratio of 1.37. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.

Zacks Rank

We also need to consider the stock's Zacks Rank, as this is even more important than the company's VGM Score. Fortunately, Triple Flag currently has a Zacks Rank of #2 (Buy) thanks to a solid earnings estimate revision trend.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Triple Flag meets the list of requirements. Thus, it seems as though Triple Flag shares could have a bit more room to run in the near term.

How Does TFPM Stack Up to the Competition?

Shares of TFPM have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Newmont Corporation (NEM Quick QuoteNEM - Free Report) . NEM has a Zacks Rank of #2 (Buy) and a Value Score of B, a Growth Score of A, and a Momentum Score of A.

Earnings were strong last quarter. Newmont Corporation beat our consensus estimate by 37.50%, and for the current fiscal year, NEM is expected to post earnings of $5.57 per share on revenue of $20.8 billion.

Shares of Newmont Corporation have gained 18.9% over the past month, and currently trade at a forward P/E of 16.81X and a P/CF of 16.06X.

The Mining - Gold industry is in the top 19% of all the industries we have in our universe, so it looks like there are some nice tailwinds for TFPM and NEM, even beyond their own solid fundamental situation.