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Triple Flag Precious Metals Shares Hit Oversold Mark

Shares of Triple Flag Precious Metals Corp have entered oversold territory with an RSI reading of 29.6, indicating potential buy opportunities as heavy selling may be abating, according to a recent report.

Date: 
AI Rating:   6

According to the report, Triple Flag Precious Metals Corp (TFPM) has seen its shares decrease significantly, reaching an RSI of 29.6, which is below the oversold threshold of 30. This indicates a potential buying opportunity as heavy selling may be nearing exhaustion.

The stock's current trading price is around $15.10, slightly down by 0.7% for the day, with a 52-week trading range between $11.75 and $18.88. The RSI comparison with the broader metals and mining sector, which sits at an average of 39.7, further accentuates TFPM's more dire position. A significant disparity is also noted with Spot Gold and Spot Silver RSI levels at 9.2 and 12.4, respectively.