The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

We just covered the

Top 10 Stock Picks of Billionaire Paul Singer. Triple Flag Precious Metals Corp. (NYSE:TFPM) ranks #1 (see Top 5 Stock Picks of Billionaire Paul Singer).

Elliott’s Stake: $4,625,045,543

Triple Flag Precious Metals Corp. (NYSE:TFPM) thrives in the mining industry as it does not do drilling itself; it just finances projects and receives royalties or streams in return. While miners struggle with rising labor costs, high inflation, and the risky “hit or miss” nature of drilling, Triple Flag benefits from their exploration success without spending its own capital on the actual operations.

The company's portfolio spans four continents with streams and royalties across gold, silver, copper, and other base metals. On the geographic diversification front, roughly 40% of the portfolio is exposed to North America and Australia, while another 40% is in Latin America, primarily Peru and Mexico, both of which offer highly favorable mining environments. Gold accounts for the largest share of the company's portfolio.

Instead of betting on one mine, it gives investor exposure to a portfolio of over 230 assets across safe locations like Australia and Canada, spreading the risk so that one bad project doesn’t sink Triple Flag Precious Metals Corp. (NYSE:TFPM). Some future catalysts include a major construction decision at the Hope Bay project expected in May 2026 and the potential for new acquisitions using their $1 billion in available cash.

Pixabay/Public Domain

While we acknowledge the potential of TFPM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.