Raymond James upbeat about bullion prices, hikes PT on gold miners

B2Gold

12/01/2024 14:58

** Brokerage Raymond James increases its 2024 gold price
estimates on expectations of a weakening US dollar and lower
interest rates
    ** Brokerage also raises long-term gold and silver price
forecasts to reflect ongoing inflationary pressures
    ** "We prefer Agnico Eagle Mines  AEM.N  amongst the senior
gold producers for its lower jurisdictional risk profile and
steady to growing production profile with a full-year of
Canadian Malartic" - Brokerage
    ** Brokerage also prefers Endeavour Mining  EDV.TO  for its
low cost and attractive valuation

 Company                 New PT      Old PT      Rating
 Agnico Eagle Mines      $71         $66         Outperform 2
  AEM.N                                          
 B2Gold Corp  BTG.N      $5          $4.50       Outperform 2
 Barrick Gold  GOLD.N    $26         $25         Outperform 2
 Franco-Nevada Corp      $146        $141        Outperform 2
  FNV.N                                          
 Kinross Gold  KGC.N     $6          $5.50       Market
                                                 Perform 3
 Newmont  NEM.N          $60         $57         Outperform 2
 Osisko Gold  OR.TO      C$26        C$25        Outperform 2
 Royal Gold  RGLD.O      $160        $157        Outperform 2
 Wheaton Precious        $60         $57         Outperform 2
 Metals  WPM.N                                   
 
 (Reporting by Vallari Srivastava)
 ((Srivastava.Vallari@thomsonreuters.com;))