CIBC Maintains Buy on Triple Flag Precious Metals With C$74 Target

In the quiet arithmetic of precious metals investing, CIBC analyst Cosmos Chiu has reaffirmed his conviction that Triple Flag Precious Metals is worth considerably more than the market currently believes — roughly 75 percent more, by his reckoning. The company's first-quarter results, which saw both revenue and profit nearly double year-over-year, offered the kind of concrete evidence that gives such optimism its footing. Yet as with most things worth owning, the Street is not entirely of one mind, and the distance between a Buy and a Hold is often where the most honest questions about a compa