TSXV:MAI - Post Discussion
Post by
loonietunes on Jan 10, 2022 7:59am
Stock Watch-In the news
Globe says Minera Alamos maintained at "outperform"
2022-01-10 07:55 ET - In the News
The Globe and Mail reports in its Saturday, Jan. 8, edition that National Bank Financial analysts expect inflation to provide support for gold prices through 2022. The Globe's David Leeder writes that National Bank raised its near-term gold and silver prices for 2022 and 2023 "modestly," prompting its analysts to raise their share target for Minera Alamos to $1.10 from $1. They continue to rate Minera Alamos "outperform." Analysts on average target the shares at $1.05. The National Bank stockpickers says in a note: "In our view, the combination of U.S. interest rates and inflation (real rates) tends to be a better indicator for the spot gold price outlook. More specifically, we believe the trend in real rates is most important when it comes to predicting the outlook for the spot gold price. In our view, gold could see support into the spring if inflation trends continue to prove elevated and drive real rates to flatten out if not decline from current levels. The recent dramatic rise in U.S. COVID-19 cases tied to the Omicron variant is also something we are watching closely with respect to the potential impact on the U.S. economic recovery."
© 2022 Canjex Publishing Ltd. All rights reserved.
Be the first to comment on this post