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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 933rd / 6400

BUZZ-Precious metals cos: Focus on near-term free cash flow - NBC

Mon 21st October, 2019 2:17pm
** Trend of "hypersensitive" reactions to earnings beats and
misses from precious metals producers will continue and outweigh
immediate longer-term updates, said brokerage unit of National
Bank of Canada
    ** Q3 focus will be near-term free cash flow, adding market
will reward companies able to add to the treasury over the next
few quarters - brokerage
    ** Upgrades Detour Gold  DGC.TO  to "outperform" from
"sector perform", says believes in DGC's ability to deliver on
cost-cut plan and improve cash flow in the short term
    ** Agnico Eagle Mines  AEM.TO , B2Gold Corp  BTO.TO ,
IAMGOLD Corp  IMG.TO , Kinross Gold Corp  K.TO , Pan American
Silver Corp  PAAS.TO  among top ideas moving into the fall
    ** Risk rating of Agnico Eagle has moved to "above average"
from "average", reflecting price volatility associated with the
unpredictable gold price recently
    ** Moves risk rating of OceanaGold Corp  OGC.AX  
to "speculative" from "above average" on uncertainty over its
Didipio mine
    ** Some of the PT changes are as follows:
    
 Companies       PT changes
 Agnico Eagle    Raises PT to C$100 from C$99
 Mines           
 Argonaut Gold   Cuts PT to C$10.5 from C$11
 Inc             
 B2Gold Corp     Cuts PT to C$7.5 from C$8
 Barrick Gold    Raises PT to C$34 from C$31
 Corp            
 Centerra Gold   Raises PT to C$15 from C$14.5
 Inc             
 Detour Gold     Raises PT to C$28 from C$27
 Eldorado Gold   Raises PT to C$15 from C$13.5
 Corp            
 Endeavour       Cuts PT to C$34 from C$37
 Mining Corp     
 IAMGOLD Corp    Cuts PT to C$8 from C$8.5
 Kirkland Lake   Cuts PT to C$70 from C$71
 Gold            
 
 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com))
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