RE: Tick TOCK Ethiopia18 Jun 2020 16:49
so early 2022 gold prices to peak...β¦β¦β¦. KEFI wasted so much time they wont be selling by then shame.
BUZZ-UK metals and miners: Peel Hunt sees gold prices peaking in early 2022, hikes PTs
Thomson Reuters Thu 18th June, 2020 10:45am
** Brokerage Peel Hunt says sustained gold price to drive
massive cash flows to 2022, with gold prices trending gently
upwards for the rest of 2020
** "We expect this pattern to continue through 2021,
reaching a peak in early 2022 when we expect rising inflation
pressures will eventually trigger the Fed to start acting
mid-year" - Peel Hunt
** Recent comments from the Fed suggest that interest rates
will remain very low for an extended period of time - Peel Hunt
** Brokerage upgrades Centamin CEY.L to "buy" from "add"
citing valuation; raises PT by 15p to 185p, implies an 17%
upside to stock's last close
** Says with gold price strength, despite reduced mining
rates, brokerage expects Serabi Gold SRB.L to improving cash
flows
** Brokerage sees Petropavlovsk POG.L to be net cash
positive during 2023 with the gold price strength
** Gold prices were steady on Thursday, as dollar strength
checks concerns over virus case spike urn:newsml:reuters.com:*:nL4N2DV0LX
** Brokerage expects strong cash generation for the next 2-3
years and raises PT for the following companies:
Company Name Current Price Previous Price
Target Target
Centamin PLC 185p 170p
Hochschild Mining 218p 211p
Pan African Resources PLC 24p 20p
Petropavlovsk PLC 31p 23p
Serabi Gold PLC 150p 140p