BofA Reaffirms Buy Rating on Triple Flag Precious Metals Amid Ravenswood Gold Stream Acquisition
Bank of America reaffirmed its 'Buy' rating for Triple Flag Precious Metals (TFPM) despite lowering the price target to $39 from $40. The firm highlighted that a newly acquired gold stream at Australia's Ravenswood Mine is expected to add approximately 11,000 ounces annually and boost production to over 200,000 ounces by 2028.
Tickers: $TFPM
Topics: acquisition buy recommendation gold mining precious metals