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Fly News Breaks for July 6, 2016
RGLD
Jul 6, 2016 | 07:28 EDT
Canaccord analyst Peter Bures noted that Royal Gold has revised its stream on Thompson Creek's Mt. Milligan asset as part of the latter's restructuring efforts and said he believes that significant overhang should be removed on Royal Gold shares given TCM's proposed sale to Centerra Gold. Bures raised his price target on Royal Gold shares to $84 from $71 following the news and maintains a Buy rating on the shares.
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