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BTG - B2Gold News Story

$6.37 -0.1  -0.9%

Last Trade - 25/09/20

Basic Materials
Large Cap
Market Cap £5.27bn
Enterprise Value £5.21bn
Revenue £1.13bn
Position in Universe 932nd / 6398

BUZZ-Eight Capital upgrades Turquoise Hill, raises gold price forecast

Mon 20th July, 2020 7:04pm
** Brokerage Eight Capital upgrades Canadian miner Turquoise
Hill Resources  TRQ.TO  to "buy" from "neutral" while raising
gold price forecast; names top picks into quarterly results
    ** Increases FY20-22 avg. gold price forecasts by 2-4%,
including a peak avg. price of $1,850/oz in Q4 supported by a
structural shift in asset allocation among others 
    ** Expects several key catalysts to emerge for miners
heading into Q2 results, including mergers by Chinese players,
and stronger copper and gold prices
    ** Brokerage's focus remains on the outlook for H2
    ** Expects Q2 results to be widely mixed/noisy given the
impact of COVID-19-related disruptions, although balance sheet
metrics and liquidity improvements should be a consistent theme
    ** Sees potential for positive results for B2Gold  BTO.TO ,
Freeport  FCX.N , Kinross  K.TO , Kirkland Lake  KL.TO  and
Yamana  YRI.TO , Lundin Mining  LUN.TO  among other cos
    ** Says TRQ's upgrade based on updated Oyu Tolgoi
feasibility study, improved FY20 gold production outlook, and
lower estimated external funding required

 (Reporting by Arundhati Sarkar in Bengaluru)
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776;))
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