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In addition to upgrading Pan American Silver (PAAS) and downgrading Goldcorp (GG), Deutsche Bank...

In addition to upgrading Pan American Silver (PAAS) and downgrading Goldcorp (GG), Deutsche Bank adjusts price targets on other metals stocks: ABX, CDE, CLF, FCX, KGC, VALE, AA, HL, NEM, SSRI, SCCO, TCK. The sector is "hitting an inflection point where routine operating cost and capital spending overruns are no longer being tolerated by boards or investors."
Comments (5)
  • Old Trader
    , contributor
    Comments (5726) | Send Message
     
    Checking the link(s) provided came up with no specific reason for the downgrade of GG, making me wonder if it was because of the production shortfall of the last quarter, due to some operational problems.

     

    Disclosure: Long GG
    2 Oct 2012, 05:46 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    I also noted little basis for the new price targets of this group. They seemed like arbitrary changes for some, and for others quite a meritless cut.
    2 Oct 2012, 07:05 PM Reply Like
  • HERMANNE
    , contributor
    Comments (53) | Send Message
     
    cuts and downgrades
    when golds prices are rising or stable
    makes no sense
    unless thete is another motive
    ??????
    2 Oct 2012, 07:19 PM Reply Like
  • orvino
    , contributor
    Comments (2) | Send Message
     
    GG had reported a geological contact loss with their HGZ (High Grade Zone) gold ore body. My interp. was it could have been caused by a fault. Has anyone seen both an update on the current understanding and possibly a remedy?

     

    An Old Miner
    3 Oct 2012, 12:25 PM Reply Like
  • orvino
    , contributor
    Comments (2) | Send Message
     
    Just an educated guess but the GG production problem could be geological fault-related of the HGZ (High Grade Zone). Has anyone seen a company update on the situation?

     

    An Old Miner
    3 Oct 2012, 12:25 PM Reply Like
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