ETF Movers on Thursday: PBW, SLVR
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2025
0mins
Should l Buy TFPM?
Source: NASDAQ.COM
ETF Performance: The Sprott Silver Miners & Physical Silver ETF is underperforming, down approximately 4.9% in Thursday afternoon trading.
Weakest Components: Notable declines among ETF components include New Pacific Metals, which fell by about 3.3%, and Triple Flag Precious Metals, down by about 1.2%.
Market Context: The article provides insights into the performance of specific ETFs and their components, reflecting broader market trends.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
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Analyst Views on TFPM
Wall Street analysts forecast TFPM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TFPM is 37.63 USD with a low forecast of 31.00 USD and a high forecast of 47.55 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 37.330
Low
31.00
Averages
37.63
High
47.55
Current: 37.330
Low
31.00
Averages
37.63
High
47.55
About TFPM
Triple Flag Precious Metals Corp. is a precious metal streaming and royalty company. It offers investors exposure to gold and silver from a total of 237 assets, consisting of 17 streams and 220 royalties, primarily from the Americas and Australia. These streams and royalties are tied to mining assets at various stages of the mine life cycle, including about 30 producing mines and 207 development and exploration stage projects. It has a diversified portfolio of properties in Australia, Canada, Colombia, Cote d’Ivoire, Mexico, Mongolia, Peru, South Africa and the United States. Its diversified portfolio of streams and royalties provides exposure to production from a suite of long-life mining assets, including the Northparkes copper-gold mine in Australia (Evolution Mining), the Cerro Lindo polymetallic mine in Peru (Nexa), the Fosterville gold mine in Australia (Agnico Eagle), the Buritica gold mine in Colombia (Zijin) and the Impala Bafokeng Operations in South Africa (Implats).
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Capital Investment Plans: Evolution Mining has approved the development of the E22 block cave at the Northparkes mine with a capital investment of $545 million, establishing a long-life, low-cost bulk underground mining operation that is expected to significantly enhance production capacity and economic benefits.
- Flotation Project Upgrade: The company also approved a A$75 million coarse particle flotation project aimed at upgrading flotation and dewatering areas, which is expected to increase copper recovery by approximately 2% at current throughput rates, further enhancing resource utilization efficiency.
- New Agreement Signed: Evolution Mining entered into a restated metal purchase and sale agreement with Triple Flag Precious Metals, securing additional upfront capital support to facilitate the development of the E22 block cave while reducing streaming rates for the E44 open pit deposit, unlocking further development potential.
- Significant Profit Growth: The half-year report ending December 31 revealed a record underlying profit of A$785 million, more than doubling year-on-year, with analysts noting that this growth directly challenges the narrative of the company being expensive and lacking growth, showcasing a strong business outlook.
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- Funding Commitment: Triple Flag International has agreed to fund $84.3 million to Evolution Mining in Q4 2026 for the development of the E44 Gold Deposit, laying the groundwork for future gold and silver deliveries.
- Delivery Guarantees: Evolution has committed to a minimum delivery of 45,052 ounces of gold and 446,200 ounces of silver to Triple Flag from 2030 to 2037, significantly enhancing Triple Flag's revenue stability and market competitiveness.
- Resource Potential: The E44 Gold Deposit has a resource of 8.7 million tonnes grading 1.34 g/t Au, which is expected to yield substantial gold output for Triple Flag, further solidifying its position in the precious metals market.
- Strategic Development: This agreement not only provides funding support for the future development of the Northparkes mine but also creates opportunities for potential mine expansion and resource exploration, demonstrating Triple Flag's strategic vision for long-term growth.
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- Subsidiary Partnership: Triple Flag Precious Metals announced that a wholly owned subsidiary has entered into an agreement with EvPREMIUM, marking a strategic expansion in the precious metals sector, although specific details of the collaboration remain undisclosed.
- Market Potential: This partnership could open new market opportunities for Triple Flag, particularly as interest in precious metal investments continues to rise, thereby enhancing its competitive position.
- Business Development: By collaborating with EvPREMIUM, Triple Flag may diversify its product and service offerings, potentially attracting more investors and driving future growth for the company.
- Strategic Implications: The agreement underscores Triple Flag's commitment to expanding its business scope and increasing market share, although no specific financial impact data has been provided at this time.
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- Price Breakthrough: Triple Flag Precious Metals Corp (TFPM) shares have surpassed the average analyst 12-month target price of $37.48, currently trading at $38.19, indicating market optimism about the company's prospects.
- Analyst Reactions: When a stock reaches an analyst's target price, they may either downgrade on valuation or raise their target, reflecting varying expectations about TFPM's future performance, which could influence investor decisions.
- Target Price Distribution: Among the 11 analysts covered by Zacks, target prices range from $31.00 to $47.52, with a standard deviation of $4.533, highlighting the market's differing views on TFPM's future performance.
- Investor Signal: The stock's rise above the target price provides investors with a signal to reassess the company, prompting them to consider whether to hold or reduce their positions, thereby impacting market liquidity.
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- Peru's Market Surge: The iShares MSCI Peru ETF (EPU) soared by 106% over the past year, driven by rising global commodity prices, highlighting the sensitivity of Peru's economy to resource demand, particularly in basic materials and precious metals.
- Metal Price Boost: Gold prices increased by over 75%, silver by about 210%, and copper by roughly 33% in the past year, directly fueling the growth of Peru's stock market, where materials companies saw significant stock price increases.
- South Korea's Semiconductor Rise: The iShares MSCI South Korea ETF (EWY) climbed nearly 100% in the past year, primarily due to strong demand for AI-related semiconductors, particularly high-bandwidth and advanced memory, which significantly boosted the stock prices of Samsung Electronics and SK Hynix.
- Market Performance Comparison: Despite Trump's promise of a
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- ImmunityBio Inc. Performance: ImmunityBio Inc. (IBRX) saw a significant increase of 20.3% in pre-market trading.
- Enlight Renewable Energy Ltd. Performance: Enlight Renewable Energy Ltd. (ENLT) experienced a rise of 7.7% in pre-market trading.
- Market Context: The U.S. stock markets are set to open in two hours, indicating potential volatility.
- Investor Sentiment: The pre-market gains for both companies suggest positive investor sentiment ahead of the market opening.
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