Agnico, Barrick and Newmont Fall After Freedom Broker Downgrades
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Mining equities tumbled on Thursday after Freedom Broker issued a sweeping set of downgrades across North America's top gold producers, citing trimmed near-term EBITDA forecasts, lingering operational risks, and valuation constraints. The analyst actions took a…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishDowngrades across three major gold producers weigh on the gold mining sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Freedom Broker downgraded Agnico Eagle from Buy to Hold, cutting its target to $212 from $255.
- 02Agnico fell 5.2%, Barrick 5.1% and Newmont 4.1% in morning trading.
- 03The broker cites trimmed near-term EBITDA forecasts and valuation constraints.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Agnico Eagle Mines Limited175.27 USD-0.65%today -6.45%Negative Barrick Mining Corporation38.44 USD-0.30%today -5.70%Negative Newmont Corporation111.85 USD-0.29%today -4.55%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets