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BTG - B2Gold News Story

$7.37 0.2  2.2%

Last Trade - 05/08/20

Basic Materials
Large Cap
Market Cap £5.85bn
Enterprise Value £5.92bn
Revenue £970.1m
Position in Universe 886th / 6368

BUZZ-Canaccord says precious metals have room to grow, upgrades Pan American Silver

Wed 20th May, 2020 1:16pm
** Canaccord Genuity upgrades miner  PAAS.TO  to "buy" from
"hold"; raises PT to $31, which implies a return of 27%
    ** Says stock benefiting from an ongoing rally in silver
    ** Expects PAAS's trading multiples to keep improving as
only a few companies have meaningful exposure to silver 
    ** Remains bullish on gold on the back of substantial action
by the Federal Reserve and other central banks, with the
precious metal now up 15% YTD; raises PT on gold producers
    ** Says gold companies remain disciplined despite the sharp
rally in prices; balance sheets continue to improve
    ** Increases PT on companies it covers by ~20% on average,
while cutting rating on SSR Mining  SSRM.TO  to "hold" from
"buy" following its deal with Alacer  urn:newsml:reuters.com:*:nL4N2CT2R3
    ** Keeps Kinross  K.TO  and B2Gold  BTO.TO  as top picks
among senior gold producers
    ** Gold is well-positioned against rising global debt
levels, zero to negative interest rates - Canaccord
    ** Some of the PT changes are as follows:

 Miners           PT changes
 Iamgold Corp     Raises PT to C$6 from C$4.75
 Seabridge Gold   Raises PT to C$27.5 from C$26
 Agnico Eagle     Raises PT to C$106 from C$94
 Kirkland Lake    Raises PT to C$68 from C$58
 Franco-Nevada    Raises PT to C$215 from C$175
 Newmont Corp     Raises PT to $75 from $64 
 Barrick Gold     Raises PT to C$40 from C$34

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext:
2776; Reuters Messaging:
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