July 12, 2016 / 1:32 PM / in 2 years

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

** 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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below