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YRI - Yamana Gold Inc News Story

C$6.16 0.1  1.0%

Last Trade - 07/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £3.49bn
Enterprise Value £4.30bn
Revenue £1.17bn
Position in Universe 107th / 2701

BUZZ-Eight Capital raises PT on copper producers on higher prices, cuts gold outlook

Tue 20th April, 2021 6:49pm
** Eight Capital raises PT on select copper producers, lists
First Quantum  FM.TO , Freeport McMoRan  FCX.N  and HudBay
Minerals  HBM.TO  among its top sector picks
    ** Brokerage now expects 2021 copper prices to average
$3.75/lb compared with its earlier estimate of $3.60/lb, says
refined copper market is expected to move into a deficit in 2021
driven by strong global demand
    ** Long-term, Eight Capital views global copper demand as a
key beneficiary of U.S.- and China-led infrastructure investment
and the broader global energy transition agenda 
    ** Sees potential for positive Q1 results from miners B2Gold
 BTO.TO , HBM, K92 Mining  KNT.TO , Lundin Mining  LUN.TO  and
Yamana Gold  YRI.TO 
    ** Brokerage, however, cuts PT on certain gold miners,
including top producer Newmont  NEM.N  to $75 from $80, and
lowers gold price forecasts for 2021 and 2022 by 7.8% and 8.2%,
respectively
 Companies        PT hikes
 Freeport-Mcmora  Raises PT to $42 from
 n                $36
 Lundin Mining    Raises PT to C$17 from
                  C$14.5
 Turquoise Hill   Raises PT to C$33 from
                   C$28.5
 Hudbay Minerals  Raises PT to C$14 from
                  C$12.5
 First Quantum    Raises PT to C$34 from
                  C$31
 
 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))
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