Societe Generale is pricing in gold at $1,500/oz. and cuts its forecasts for mining stocks...

|By:, SA News Editor

Societe Generale is pricing in gold at $1,500/oz. and cuts its forecasts for mining stocks accordingly. The firm downgrades AngloGold (AU -2.4%) to Hold from Buy, as the miner's desire to split its South African assets from its other mines looks less likely. Barrick (ABX +1.5%) is maintained at Sell (also), and Iamgold (IAG -2.2%) is added to the Sell list. The firm's top pick: Randgold (GOLD -1.4%).