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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-RBC adds Barrick Gold, Glencore to global mining best ideas portfolio

Tue 7th January, 2020 11:01am
** Brokerage RBC Capital Markets adds miners Barrick Gold
 ABX.TO , Glencore  GLEN.L , Gold Road Resources  GOR.AX  and
Northern Star Resources  NST.AX  to its Q1 2020 "global mining
best ideas portfolio"
    ** RBC says has positive outlook on copper and iron ore to
start 2020, due to improving global economic indicators and
progress on trade war
    ** Views progress toward Barrick's stated M&A
synergy/optimization goals as key driver for shares
    ** Says strong copper price momentum and stabilizing coal
markets are likely to also assist relative performance for
Glencore stock
    ** For Q1 2020, brokerage upgrades base metals to
"overweight" from "market weight" and bulk commodities to
"overweight" from "underweight"
    ** A strong property market in China continues to support
steel demand and supply may not begin to normalize until later
in 2020 - RBC  
    ** Cuts rating on precious metals to "market weight" from
    ** Removes Agnico Eagle Mines  AEM.TO , B2Gold  BTO.TO ,
Detour Gold  DGC.TO  and SSR Mining  SSRM.TO  from its "best
ideas portfolio"
    ** Lowers uranium sector weighting to "underweight" from
"market weight", as it expects near-term market fundamentals to
remain challenging; but maintains positive long-term view

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