Comment
Author: Admin | 2025-04-28
Its PY chopped from $1.80 to $1.55.RBC’s Alex Barkley rates the underperformance of gold stocks to the price of bullion in 2024 as being even wider than GS’ assessment at -25%.“We still maintain our view that industry conditions are improved vs prior years,” he said.“This should give greater confidence to production forecasts vs the Covid years. Despite better earnings confidence gold producers are showing good value; our FY26e EV/EBITDA are ~20% below 3-year averages. Since DecQ started, gold equities have matched gold (+17% coverage, AUD gold +19%), but this follows CY24 underperformance of ~25% equity vs gold.“Given our view of a well-supported gold price in CY25 we expect levered equities to outperform the commodity.”RBC has outperforms on Bellevue, Westgold Resources (ASX:WGX) and Regis.The views, information, or opinions expressed in the interview in this article are solely those of the brokers and do not represent the views of Stockhead.Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in this article. Featured Companies ASX: FFM FireFly Metals ASX: LTM Arcadium Lithium ASX: FMG Fortescue ASX: 29M 29Metals ASX: BSL Bluescope Steel ASX: DRR Deterra Royalties ASX: IGO IGO Coronado Global Resources ASX: WGX Westgold Resources ASX: ILU Iluka Resources ASX: LYC Lynas ASX: RRL Regis Resources ASX: EVN Evolution Mining ASX: SFR Sandfire Resources ASX: S32 South32 ASX: BHP BHP ASX: SGM Sims Metal Management ASX: BGL Bellevue Gold ASX: NHC New Hope Corp ASX: RIO Rio Tinto ASX: CIA Champion Iron ASX: NEM Newmont Corporation ASX: MIN Mineral Resources ASX: PLS Pilbara Minerals ASX: WHC Whitehaven Coal ASX: NST Northern Star Resources Sponsored Articles
Add Comment