{"id":217940,"date":"2010-01-20T12:17:00","date_gmt":"2010-01-20T17:17:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:383861"},"modified":"2010-01-20T12:17:00","modified_gmt":"2010-01-20T17:17:00","slug":"yamana-goldcorp-upgraded-on-expectations-for-higher-metals-prices","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/217940","title":{"rendered":"Yamana, Goldcorp upgraded on expectations for higher metals prices"},"content":{"rendered":"<p>New and improved forecasts for gold, silver and copper will bolster upside in <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=YRI&amp;id=35604\" >Yamana Gold Inc.<\/a> shares over the next twelve months, says Dundee Securities analyst Ron Stewart.&nbsp;<\/p>\n<p>Mr. Stewart upgraded Yamana to Buy from Neutral this week, raising his price target on the miner 50\u00a2 to $14.50.<\/p>\n<p>&quot;We recommend investors consider YRI as a relatively stable and liquid<br \/>\nprecious metal equity based on the current outlook,&quot; the analyst said. <\/p>\n<p>The update comes in the wake of Dundee&#39;s revised metals forecast that now anticipates gold bullion to average US$1,200 per ounce in 2010 versus its previous estimate of US$1,065 and US$1,325\/oz in 2011, up from US$1,000.<\/p>\n<p>Silver prices are expected to hit US$20 this year and US$22 in 2011, up from prior forecasts of US$17.50 and US$16.50, while copper price expectations increased to US$3.25 per pound from US$3 in 2010 and to US$3 from US$2.75 in 2011. &nbsp;<\/p>\n<p>Mr. Stewart also raised his recommendation on <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=G&amp;id=97975\" >Goldcorp Inc.<\/a> to Buy from Neutral, and increased his price target to $50 from $49. <\/p>\n<p>&quot;Given the increase in our valuation and the recent dip in the share price, we now consider [Goldcorp] to be undervalued,&quot; he said. &nbsp;<\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\">David Pett<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/np\/aggbug.aspx?PostID=383861\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New and improved forecasts for gold, silver and copper will bolster upside in Yamana Gold Inc. shares over the next twelve months, says Dundee Securities analyst Ron Stewart.&nbsp; Mr. Stewart upgraded Yamana to Buy from Neutral this week, raising his price target on the miner 50\u00a2 to $14.50. &quot;We recommend investors consider YRI as a [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-217940","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/217940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=217940"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/217940\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=217940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=217940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=217940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}