Now is a good time to buy gold stocks, according to Morgan Stanley. Tensions in the Middle East, brought on by the Israel-Hamas war, had triggered a gold "safe-haven" rally as investments in the precious metal picked up. The rally has since fizzled and gold spot prices were trading at $1,950.12 on Nov. 8, up around 0.02% the year to date.
Catalysts for the company's growth in the next 12 months include: potential approval of Tanda-Iguela, its Ivory Coast exploration property; an update on its shareholder returns program; and the first production from its expanded Sabodala-Massawa mine in Senegal, Morgan Stanley said. The analysts reckon that the successful execution of its growth projects, along with approval of Tanda-Iguela, may trigger a re-rating, as the company will then have a more diversified portfolio.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
‘The gift that keeps on giving’: Morgan Stanley likes the memory sector and picks its top stocksMorgan Stanley reveals its 'top picks' and 'preferred plays' in the memory chip sector.
Lire la suite »