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BMO Initiates Coverage of Troilus Gold with Outperform Rating, C$3 Price Target

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-- BMO Capital Markets on Friday initiated coverage of Troilus Gold (TLG.TO) with an outperform rating on the company's shares and a C$3.00 price target.

The company trades at 0.4x P/NPV, which represents a discount to other emerging gold producers, especially considering the upside potential of the Troilus gold-copper project in Quebec.

BMO estimated the Troilus project's net present value at US$3.05 billion at a 5% discount rate, which is above the company's feasibility study of US$885 million. First production is expected at the end of 2029.

Price: $1.58, Change: $-0.01, Percent Change: -0.32%

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