Wednesday broker round-up UPDATE
18th Dec 2013 08:44
Berendsen: Panmure Gordon raises target price from 761p to 917p, while retaining its hold recommendation. British American Tabacco: Nomura cuts target price from 3840p to 3720p, while staying with its buy recommendation. bwin.party: Daniel Stewart reduces target price from 173p to 146p, while its
Read moreFriday broker round-up UPDATE
13th Dec 2013 09:36
African Barrick Gold: JP Morgan lowers target price from 180p to 170p leaving its neutral rating unaltered. Aggreko: Numis reduces target price from 1400p to 1234p downgrading from reduce to sell. Anglo American: Deutsche Bank reduces target price from 1780p to 1500p and downgrades to hold. JP Mor
Read moreWednesday broker round-up UPDATE
23rd Oct 2013 09:28
Abcam: Numis downgrades to add with a target price of 570p. ARM Holdings: Deutsche Bank increases target price from 1080p to 1130p and maintains a buy recommendation. JP Morgan raises target price from 625p to 750p and leaves its neutral rating unaltered. Societe Generale ups target price from 640p
Read morePetropavlovsk sees lower annual output after flooding
22nd Oct 2013 13:06
Gold miner Petropavlovsk forecast lower annual production after bad weather caused flooding at its Russian mines. Petropavlovsk said atrocious weather meant it may not be able to get to some higher-grade deposits that it had planned to process this year until the first quarter of 2014. It expects
Read moreBroker snap: Nomura downgrades Polymetal, Centamin
16th Oct 2013 10:53
- Polymetal, Centamin cut from 'buy' to 'neutral' - African Barrick remains top pick - Nomura positive on gold prices over next few months Nomura said it has been 'somewhat perplexed' by gold's recent weakness during the US government shutdown, but said it was positive on the outlook for gold price
Read moreWednesday broker round-up UPDATE
16th Oct 2013 08:26
Anite: Northland Capital reduces target price from 160p to 120p, while staying with its buy recommendation. Panmure Gordon cuts target price from 177p to 142p and keeps a buy recommendation. Jefferies takes target price from 160p to 110p, while leaving its buy recommendation unchanged. Canaccord Gen
Read moreBroker snap: BofA cuts gold forecasts on US policy normalisation
27th Sep 2013 09:26
Randgold Resources and African Barrick Gold remain the top picks of Bank of America Merrill Lynch in the gold sector, but the bank dampened sentiment on the market on Friday by cutting its gold prices sharply for the next two years. BofA has lowered its gold-price forecasts for 2014 and 2015 by 17%
Read moreTuesday broker round-up UPDATE
24th Sep 2013 08:31
African Barrick Gold: Liberum Capital upgrades to hold with a target price of 147p. Amec: UBS reduces target price from 1200p to 1145p downgrading from buy to neutral. Compass Group: Investec ups target price from 900p to 925p and keeps a buy recommendation. CVS Group: Investec takes target price
Read moreMonday broker round-up UPDATE
23rd Sep 2013 09:06
African Barrick Gold: Citi takes target price from 93p to 119p, but still recommends selling. African Minerals: Citi increases target price from 320p to 330p and maintains a buy recommendation. Antofagasta: Citi shifts target price from 780p to 790p, while its sell recommendation remains unchanged
Read moreMonday broker round-up UPDATE
2nd Sep 2013 08:57
Berkeley Group: Panmure Gordon raises target price from 2046p to 2150p and reiterates a hold recommendation. Betfair: Panmure Gordon increases target price from 1000p to 1317p and maintains a buy recommendation. BHP Billiton: WH Ireland downgrades to neutral. British Land: Exane ups target price
Read morePetropavlovsk shares plummet on loss, divi suspension
29th Aug 2013 15:25
Petropavlovsk saw nearly a fifth wiped off its market value after the gold miner plunged to a loss of 742.2m dollars and suspended its dividend payment. The company, which last year made a profit of $11m for the same period, has been hit by lower gold prices and was forced to make significant impai
Read moreTuesday broker round-up UPDATE
27th Aug 2013 09:14
Admiral Group: JP Morgan ups target price from 1108p to 1122p staying with its underweight rating. Antofagasta: Investec places its target price (prev.: 707p) under review and retains a sell recommendation. Berendsen: HSBC increases target price from 745p to 900p and reiterates a neutral rating.
Read moreSector movers: Hopes over Chinese growth drive mining stocks higher
23rd Jul 2013 15:00
Stocks in the mining sectors were shrugging off falls in metals prices on Tuesday with share prices surging as markets focused on upbeat comments from government officials in China, a huge importer of raw materials. Chinese Premier Li Keqiang is reported to have stood by the government target for e
Read moreMonday broker round-up UPDATE
8th Jul 2013 08:48
Anglo American: Exane reduces target price from 1700p to 1400p and reiterates its underperform rating. Anite Group: Investec raises target price from 135p to 155p and upgrades from hold to buy. Ashmore Group: RBC Capital Markets takes target price from 440p to 375p and keeps its neutral rating. B
Read moreBroker snap: Nomura ups gold miners, but still negative on prices in 2014
5th Jul 2013 11:37
Nomura has upgraded its ratings for gold mining peers African Barrick Gold (ABG), Polymetal and Randgold Resources, saying it sees a short-term rebound in gold prices. The broker says that gold prices have reached an equilibrium stage of $1,230 an ounce and a potential rally to $1,500 should lift g
Read more