Materials
Gold
3 companies under coverage.
Coverage
Gold
Equity Research
Royal Gold Inc (RGLD)
HOLD. 12-month probability-weighted target $318 (+20% vs spot). P/E Multiple explains 89% of Monte Carlo outcome variance.
Equity Research
Newmont Corporation (NEM)
SELL. 12-month probability-weighted target $106 (-20% vs spot). P/E Multiple explains 83% of Monte Carlo outcome variance.
Equity Research
Coeur Mining Inc (CDE)
SELL. 12-month probability-weighted target $16 (-21% vs spot). P/E Multiple explains 76% of Monte Carlo outcome variance.