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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (246326)6/19/2003 8:51:46 AM
From: MythMan  Read Replies (3) of 436258
 
7:19am 06/19/03
Prudential ups gold price target, Newmont rating (ABX, PDG, NEM) By Tomi Kilgore
NEW YORK (CBS.MW) -- Analyst John Tumazos at Prudential raised his 2003 gold price forecast to $359.50 from $340, and for 2004 to $375 from $325 to reflect the weakness in the U.S. dollar. As a result, Tumazos raised his earnings estimates for Barrick Gold (ABX) , Placer Dome (PDG) and Newmont Mining (NEM) . He also raised his rating on Newmont to "hold" from "sell," citing improved finances from higher gold prices and the extinguishments of certain hedge positions.
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