RBC Downgrades Triple Flag Precious Metals to Hold; Scotiabank Maintains Strong Buy

In the quiet arithmetic of institutional opinion, Royal Bank of Canada and Scotiabank have arrived at opposite conclusions about Triple Flag Precious Metals — one counseling patience, the other urging accumulation. Such divergence among major Canadian banks is itself a kind of signal: that the precious metals sector sits at a crossroads where reasonable minds, studying the same company, cannot agree on what the future holds. The broader analyst consensus still leans toward buying, but consensus, as ever, is a veil drawn over genuine uncertainty.