INDUSTRY: CIBC Ups '04 & '05 Gold and Silver Price Estimates..
2004/12/22 09:03:58
[delayed]
Ridgeland, MS, DEC 22, 2004 (EventX/Knobias.com via COMTEX) -- CIBC noted that spot gold recently set a new 16-year high with its move above $450 per ounce. Firm expects continued strength looking out to 2005 as fundamentals remain positive, although currency-driven. The firm upped their 2004 and 2005 per ounce ests to $410 and $475 from $400 and $425, respectively. They also maintained their outlook for continued strength in silver and raised their 2004 and 2005 per ounce ests to $6.65 and $7.00 from $6.50 and $6.50, respectively. On Tuesday, UBS upgraded 7 names: ABX, BVN, EGO, GSS, KGC, NEM, PDG.
(+) CIBC upgraded upgrades KGC to Outperform from Sector Perform and HL to Sector Perform from Underperform.
(-) CIBC downgraded IAG to Sector Underperformer from Sector Performer.
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by at least 10 minutes. To get all Knobias alerts in real-time daily, visit knobias.com
ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information.
amex.com |
