Despite raising forecasts for gold and silver as talk of another possible round of QE escalates, UBS cuts its rating on several precious metals miners citing a significant run-up in equity prices over recent weeks. The firm lowers Franco-Nevada (FNV -4.3%), Royal Gold (RGLD -1.8%) and Hecla Mining (HL -1.2%) to Neutral from Buy: I, II, III.
Despite raising forecasts for gold and silver as talk of another possible round of QE escalates,...
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