The Gold Watch: Yamana and Goldcorp
Posted August 20th, 2008 by theStockMasters...
RBC Capital Markets out with some bullish ratings on Yamana Gold Inc. (NYSE:AUY) and Goldcorp (NYSE:GG). Gold is down this morning to just above $800, yet the analysts are getting on board
Today RBC Capital Markets raised its outlook on Yamana Gold (NYSE:AUY) Inc. to "Outperform" from "Sector Perform" on Wednesday, citing a positive outlook for gold and the Canadian company's growth plans
Goldcorp Inc. (TSE:G): The world's second-largest bullion mining company by market value was raised to ``top pick'' from ``sector perform'' by Michael Curran at RBC Capital Markets.
Goldcorp has solid growth prospects, based on an expected increase in production during 2009 at its Penasquito mine and ``seasonal strength in gold prices later this year,'' the Toronto based analyst wrote in a note to clients. The shares gained 4 percent to C$33.63.
A
fter plunging below $800 on Friday for the first time since late last year, gold had a modest recovery as new buyers sought steep discounts from the metal's all-time highs above $1,000 an ounce reached earlier this year.
Want More Gold, ask the Flav - Back to Gold? Ask the Flav
Gold is all over the place, up, down, and almost as risky as calling 911 and getting help. Hold up, who knows more about gold teeth and fashion and 911 being a joke in your town? There's not a minute to spare.
Other recent gold articles by the Masters include:
08/18/2008 - 16:00
08/15/2008 - 15:47
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