Triple Flag price target lowered to $20 from $20.50 at Scotiabank

Scotiabank lowered the firm’s price target on Triple Flag to $20 from $20.50 and keeps an Outperform rating on the shares. Ahead of the Gold & Precious Minerals sector reporting Q2 results, the firm notes focus will be on operating performance, particularly margins and free-cash-flow, the analyst tells investors. The firm is expecting margin expansion quarter-over-quarter and year-over-year, the analyst tells investors.