Shares of Triple Flag Precious Metals (TFPM) are soaring 5.91% in pre-market trading on Thursday, following a positive analyst report from Scotiabank. The surge comes as investors react to the maintained Buy rating and the attractive price target set for the precious metals company.

Scotiabank analyst Tanya Jakusconek reaffirmed her bullish stance on Triple Flag Precious Metals, maintaining a Buy rating on the stock. More importantly, Jakusconek set a price target of $28.00 for TFPM, signaling significant upside potential from its current trading levels. This vote of confidence from a major financial institution appears to be driving the strong pre-market rally.

The analyst's positive outlook on Triple Flag Precious Metals suggests that the company may have robust fundamentals or growth prospects in the precious metals sector. Investors are likely interpreting this report as a sign of potential value in TFPM's shares, leading to increased buying pressure in early trading. As the market opens, it will be interesting to see if this pre-market momentum carries through the regular trading session.