B2Gold logo

BTG - B2Gold News Story

$6.37 -0.1  -0.9%

Last Trade - 25/09/20

Sector
Basic Materials
Size
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)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776;))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.