Hereditary sloth instructs me

BMO on six gold miners

Somebody at the NuLegacy website has stuck the new BMO research note, with 120 pages of fundies and coverage initiated on six Tier 1 or 2 gold names (AEM, ABX, ELD, GG, KGC, AUY), onto its website. Site friend M alerted your humble scribe to this, not it’s your turn to know. Here’s how it starts:

BMO Research is initiating coverage of six of the North American-based gold miners. After two years of cost cutting, balance sheets are showing positive improvement and debt is less of an obstacle toward a new stage of growth focused on return that will drive the next cycle. 

1. We have moved toward a more constructive view and believe that the senior miners looks to begin to screen more constructively in early 2016 when viewed by generalist investors. 

2. We recommend that investors position in advance of this catalyst, taking advantage of seasonal weakness through the summer. 

3. ABX and GG are rated Outperform: ABX on execution of strategy, GG on delivery of growth. AEM, AUY, ELD, and KGC are rated Market Perform but have catalysts that could change our view.

Get your copy of the full report on this link before nulegacy gets into trouble with BMO and is sent one of thoses snotty lawyers letters and has to take it down.
Thanks, M.

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