Scotiabank downgraded Triple Flag (TFPM) to Sector Perform from Outperform with a price target of $35, up from $29. The firm cites valuation for the downgrade. Triple Flag also has less sensitivity to higher gold prices relative to others in the metals group, the analyst tells investors in a research note. Operators are preferred to streamers at this point, contends Scotiabank.
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Read More on TFPM:
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