BUZZ-Gold miners fall as gold slips but brokerages mostly bullish

Tue Jul 12, 2016 9:29am EDT
 
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** Gold miners' U.S.-listed shares down premarket as gold prices fall for 2nd straight day on easing political uncertainty in Britain and hopes for more stimulus

** McEwen Mining Inc down 6.9 pct, DRDGold Ltd 5.2 pct, Anglogold Ashanti Ltd 3.4 pct, Iamgold Corp 1.2 pct

** GoldCorp Inc down 1.2 pct, Barrick Gold Corp 1 pct, Yamana Gold Inc 1.4 pct, Kinross Gold Corp 1.4 pct

** Canaccord Genuity raises PTs on 27 companies, saying negative Germany and Japan bond yields, potential for global economic slowdown and geopolitical risks are favorable for gold

** Canaccord cuts Detour Gold Corp rating, citing lower-than-expected Q1 production

** JPMorgan raises rating on South Africa's Harmony Gold Mining Co Ltd and Gold Fields Ltd, citing weak rand; cuts DRDGold rating on lower output from Ergo plant

** Up to Monday's close, S&P/TSX Global Gold index had more than doubled this year