The Pick
Triple Flag Precious Metals, ticker TFPM, is the newcomer among Porter Stansberry’s Royalty Riches picks. At about a decade old, it is far younger than Franco-Nevada or Royal Gold, yet it already holds 239 royalty and stream assets across the mining world. The stock traded near $31.30 with a market cap around $6.6 billion as of mid-August 2026.
The name is a nod to the three “flags” or principles the founders built the company around, and it operates the same capital-light model as its larger peers: advance capital once, collect a revenue slice, and leave the mining to the operators.
The Youngest of the Three
What makes Triple Flag stand out is its backing and its growth story. Elliott Management, the well-known activist investor, owns about 65 percent of the company, which is a strong vote of confidence in the model. The promo claims 36 percent compounded revenue growth for seven straight years and pitches the stock at a roughly 22 percent discount to its biggest peer.
The growth narrative is genuine, but the fine print matters. The company guided 2026 gold-equivalent ounces about 5 percent below 2025, so near-term output is expected to dip even as the long-term story stays intact. Our gold royalty stocks comparison places it against Franco-Nevada and Royal Gold.
What to Watch
The cautions are age and valuation. A decade-old company has less of a track record through full commodity cycles than its 40-year-old rivals, and near 23 times trailing cash flow it is still priced for growth. The shares are down about 12.2 percent since the April tease. See the category leader in our Franco-Nevada breakdown.
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