Natural Resources - Mining & CommoditiesEmail
Panmure Gordon’s latest research report about gold, The Quarterly Nugget, retained its negative outlook for gold and gold equities.
The outlook is due to Panmure Gordon’s proprietary five-factor model used by Kieron Hodgson, Commodities analyst, and Simon French, Chief Economist, which has three of five factors indicating a negative outlook for gold. That’s the same as in Q1.
The five factors are:
The report also discussed four gold related companies. Recommendations include Centamin (downgraded to Hold) and Polymetal International (remaining a Buy), with no recommendation changes for Acacia or Fresnillo.
For more information, please contact Kieron Hodgson or Simon French.