April 8, 2019 / 12:57 PM / a month ago

BUZZ-Raymond James sees higher Q1 margins for miners, lifts 2019 gold price forecast

** Raymond James sees higher margins for gold and silver miners in Q1 over Q4, with average prices rising 6% and 7%, respectively

** Raises 2019 gold price forecast to $1,301/ounce from $1,293 on the back of “incrementally dovish commentary from central banks”

** Brokerage says cold weather and rainy seasons in some regions could have some “headwind effect” to stronger metals prices q-o-q

** Raymond James’ top picks for large producers are Agnico Eagle Mines Ltd and Newmont Mining Corp

** Picks Endeavour Mining Corp among mid-cap miners

** On Monday, spot gold trading up ~1% at ~$1,300/ounce; silver up 1% at $15.25 (Reporting by John Benny in Bengaluru)

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