Raymond James raised its price target on Triple Flag Precious Metals Corp. (TFPM.TO) to $50 from $47.

Analyst Brian MacArthur maintained an Outperform rating on shares of the Toronto-based precious metals streaming and royalty company.

"Following a review of operating updates by some operators for properties on which TFPM has streams and royalties we have updated our forecasts," MacArthur said in a note to clients. "Given we are near quarter-end, we have also updated our forecasts for 4Q prices."

"We believe TFPM's high-margin, scalable business model offers investors exposure to precious metals while mitigating risk," the analyst said.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)