GREY:RNKLF - Post by User
Post by
pierregon Mar 31, 2020 5:03pm
337 Views
Post# 30865946
Cantor: RNX '20 EPS forecast from $0.09 to $0.11
Cantor: RNX '20 EPS forecast from $0.09 to $0.11Cantor Fitzgerald has upgraded RNX '20 EPS forecast from $0.09 to $0.11 and '21 EPS forecast from $0.08 to $0.14.
Cantor '20 EPS $0.09 or 53.1 M$ with gold price OZ $1475. Nov. 6th '19.
Cantor '20 EPS $0.11 or 64.9 M$ with gold price OZ $1745. Mar. 27th '20.
Cantor '21 EPS $0.08 or 48.1 M$ with gold price OZ $1500. Nov. 6th '19.
Cantor '21 EPS $0.14 or 88.0 M$ with gold price OZ $2000. Mar. 27th '20.
Nov. 6th '19: https://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1es85rv-RNC%20Minerals%20Corporation%20-%20Cantor%20Fitzgerald%20Canada%209_06.pdf Mar. 27th '20: https://cdn.ceo.ca/1f84jl1-RNC%20Reports%202019%20Financials%20%E2%80%93%20Well%20Positioned%20For%20Higher%20Gold%20and%20COVID-19%20.pdf Cantor linked in depth report PRECIOUS METALS & MINING MACRO Be Safe and Smart Out There and Buy Gold. Mar. 25th '20: https://cantorcanada.com/sites/default/files/20200325GoldMacro.pdf Cantor excerpt:
« OUTLOOK FOR 2020 AND BEYOND The combination of supply shocks resulting from COVID-19 and unprecedented monetary stimulus from virtually every major Central Bank has created the perfect storm for gold, silver, and precious metals equities. We are raising our near-term gold price forecast from $1,500/oz to $2,000/oz (exit 2020 and 2021). Longer-term, the fundamentals are in place to support a step-change even higher in gold and silver prices. »
CANTOR’S PRECIOUS METALS TOP PICKS one of three picks.
« RNC Minerals (RNX-TSX, BUY rating, C$1.20↑ target): RNC Minerals is junior gold producer and base metal developer. Its principal assets are the Beta Hunt gold mine and Higginsville Gold Operation in Western Australia. The Company has undergone major transformation in 2019 leveraging its high-grade gold discoveries at Beta Hunt to expand the resource with major drill programs and securing a low-cost milling solution with the acquisition of Higginsville. The Beta Hunt Mine produced 64koz of gold in 2019 and is guiding for over 90koz in 2020 with upside from specimen gold discoveries (see last note https://www.cantorcanada.com/sites/default/files/20200123RNX.pdf) In response to COVID-19, the Company has increased precautions with respect to travel to and from site, along with isolation periods should anyone exhibit symptoms consistent with COVID-19. It continues to produce gold from its two Australian assets and is building up its crucial supplies and ore stockpiles. The Company remains in good financial shape with $32MM in cash. Based on our updated gold price deck, our RNC Minerals target increases to C$1.20/shr from C$1.00 previously. »
About the report authors:
Mike Kozak is a metals and mining analyst at Cantor Fitzgerald. Prior to that he was an analyst at Cormark Securities. He has also served as a mining engineer at Barrick Gold and several other mining companies. https://www.streetwisereports.com/pub/htdocs/expert.html?id=4100 Matthew O'Keefe is senior research analyst, metals and mining at Cantor Fitzgerald. He formerly was with Echelon Wealth Partners and Dundee. As an exploration geologist, he worked on gold, base metals and diamond projects, including the development of the Diavik and Snap Lake diamond mines. O'Keefe was awarded "Best on the Street" for Mining in 2010 by the Wall Street Journal. He holds a Bachelor of Science in geology from the University of Toronto, a Master of Science in geology from Queens University and an MBA from the Ivey Business School at the University of Western Ontario. https://www.streetwisereports.com/pub/htdocs/expert.html?id=3630