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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 933rd / 6400

BUZZ-Gold stocks: 2020 poised to be another strong year - Canaccord Genuity

Wed 15th January, 2020 3:17pm
** Brokerage Canaccord Genuity remains bullish on gold
stocks, says 2020 is poised to be another strong year 
    ** Names Newmont  NEM.N , Pan America Silver  PAAS.TO  and
B2Gold  BTO.TO  as top picks among senior precious metals
producers for 2020
    ** With ~$11 trillion in negative-yielding debt globally,
record debt levels and global central bank easing, gold is
well-positioned to move higher - Canaccord 
    ** Upgrades New Gold  NGD.TO  to "buy" from "hold",
expecting it to meet all production and cost outlooks for the
year; seeks clarity on the operating outlook for both Rainy
River and New Afton early in 2020
    ** Downgrades Wesdome Gold Mines  WDO.TO  to "hold" from
"buy"; expects lower production, YoY
    ** Says despite the 49% rise in the S&P/TSX gold index,
valuations are reasonable
     ** Rising cash balances will prompt an increasing focus on
M&A and development projects - Canaccord Genuity 

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext:
1524; Reuters Messaging:
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