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Fly News Breaks for December 1, 2015
RGLD
Dec 1, 2015 | 08:22 EDT
RBC Capital says that the decline in Royal Gold's stock on concerns over Thompson Creek's ability to repay $848M in debt.seems overdone. The firm explains that if it excludes Thompson's Mount Milligan mine completely from its model for Royal Gold, its price target on Royal Gold would fall to $44. RBC cut its price target on Royal Gold to $56 from $79 but keeps an Outperform rating on the shares.