The Globe and Mail reports in its Thursday, July 7, edition that Raymond James analyst Phil Russo says Centerra Gold's acquisition of the Mount Milligan mine is a weight off the shoulders of Royal Gold. The Globe's David Leeder writes in the Eye On Equities column that Mr. Russo hiked his rating on Royal Gold to "outperform" from "market perform." He elevated his share target to $85 (U.S.) from $72 (U.S.). Analysts on average target the shares at $76.34 (U.S.). Concurrently with Centerra's deal with Thompson Creek Metals, Royal signed an amended term sheet relating to its streaming interest. On Tuesday, Centerra announced a $1.1-billion (U.S.) deal to acquire Thompson Creek. Concurrently, Royal signed an amended term sheet with Centerra relating to its streaming interest in Mount Milligan to take effect when the deal closes. Royal's previous 52.25-per-cent gold streaming interest will become a 35-per-cent gold stream and a 18.75-per-cent copper stream. It will continue to pay $435 (U.S.) per ounce of gold delivered and 15 per cent of the spot price per metric ton of copper delivered. Mr. Russo says the greater certainty with Mount Milligan's cash flow warrants greater investor confidence.