Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (52834)	12/20/2018 8:28:19 AM
From: Goose94	Read Replies (1) \| Respond to of 203329

IamGold (IMG-T) Credit Suisse analyst Fahad Tariq expects to see a further recovery in gold prices in 2019, pointing to "a prevailing risk-off sentiment due to a combination of tightening monetary policy, trade war risks and potential for slowing economic growth." Mr. Tariq upgraded Iamgold ($3.38) to "outperform" from "neutral" (all figures U.S.). Mr. Tariq hiked his share target by 50 cents to $6.50. Analysts on average target the shares at $6.18. Mr. Tariq says in a note: "There are signs of peak USD, real yields potentially topping out, and increased central bank buying, all of which support higher gold prices. ... Gold equities sold off heavily in 2018, with our coverage down 19 per cent (though gold was down only 4 per cent). This presents an attractive entry point, particularly for equities with favorable valuations (i.e., trading at historically lower bound P/NAV, EV/EBITDA, and/or P/E). We have therefore increased the valuation weight in our scorecard. The other two important factors for outperformance in 2019 in our view, along with valuation, are relative execution risk and growth profile."