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$6.8 -0.1  -1.4%

Last Trade - 9:10pm

Sector
Basic Materials
Size
Large Cap
Market Cap £5.48bn
Enterprise Value £5.43bn
Revenue £1.10bn
Position in Universe 947th / 6440

BUZZ-Going for gold: NBC raises PTs of Canadian miners on bullish tone

Fri 11th September, 2020 12:09pm
** National Bank of Canada (NBC) raises price targets on a
slew of Canadian gold miners taking a bullish view on the yellow
metal's prices
    ** NBC has a positive view of the macroeconomic outlook for 
the gold price due to near-term safe-haven demand and an 
environment of persistently low or negative real rates
    ** Increases its long-term gold price forecast by $25/oz to
$1,475/oz
    ** Upgrades Lundin Gold  LUG.TO  to "outperform"; sees
upside risk to production 
    ** Overall, NBC's top picks are B2Gold Corp  BTO.TO  , 
Endeavour Mining Corp  EDV.TO , Dundee Precious Metals  DPM.TO ,
 Kinross Gold Corp  K.TO , New Gold Inc  NGD.TO , Sandstorm 
Gold  SSL.TO  and Wheaton Precious Metals  WPM.TO  
    
    Summary of PT changes:
    
 Company             New PT   Previous PT
 Barrick Gold        C$44     C$42
 Kinross Gold Corp   C$17     C$16
 Kirkland Gold Corp  C$79     C$76
 Lundin Mining       C$9.75   C$8.5
 Teranga Gold Corp   C$20.25  C$20
 Argonaut Gold Corp  C$4.25   C$4
 
 (Reporting by Shruti Sonal in Bengaluru)
 ((Shruti.Sonal@thomsonreuters.com; Twitter: @shrutisonal26))
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