Triple Flag price target raised to $16.50 from $16.25 at BofA

BofA analyst Lawson Winder raised the firm’s price target on Triple Flag to $16.50 from $16.25 and keeps a Buy rating on the shares. The firm updated its model to incorporate the 0.5% net smelter return royalty on Eskay Creek owned by Skeena Resources, which it assumes delivers first production in 2030, and raised its target on the higher company net asset value from adding in the royalty model.