TSX:LUN - Post Discussion
Post by
retiredcf on Apr 21, 2023 9:30am
And Another
In a earnings preview for the mining sector, Barclays analyst Matthew Murphy made a series of target changes to stocks in his coverage universe. His changes are:
- Agnico Eagle Mines Ltd. ( “overweight”) to US$63 from US$62. The average is US$68.49.
- Lundin Mining Corp. ( “equalweight”) to $11 from $10. Average: $10.56.
“In Q1 the global economy continued to beat expectations and the supply side faced challenges. We again bump up our medium-term copper and gold prices, but still expect downside from spot. With consolidation taking hold we raise base metal targets and multiples, but retain our preference for gold over base equities,” said Mr. Murphy.
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