BUZZ-Canaccord Genuity raises PT on gold, silver miners

Reuters10-22

** Brokerage Canaccord Genuity raises price targets on several precious-metals miners to reflect strong commodity prices

** Canaccord forecasts all-in-sustaining-costs (AISC) margins, an industry metric reflecting total expenses, to rise 13% in Q3 compared to Q2 for "senior producers" including Newmont , Barrick Gold , Agnico Eagle Mines

, and Kinross Gold

** Brokerage raises long-term price forecast for gold to $2,963/oz from $2,712/oz previously; raises long term silver price outlook to $35.28/oz vs $33.58/oz previously

** Canaccord notes that gold equities have been closing the gap with prices of the bullion; since the end of February, S&P/TSX Global Gold Index has risen 63%, outperforming the 34% increase in gold prices

Brokerage raises PT on the following firms:

Company New PT Old PT Rating

Newmont Corp $66 $59 BUY

Barrick Gold C$35 C$33 BUY

Kinross Gold C$19 C$16.50 BUY

Agnico Eagle Mines C$140 C$125 BUY

Pan American Silver $32 $28 BUY

Endeavour Mining C$56 C$53 BUY

B2Gold C$8 C$7 BUY

Hecla Mining $8 $7.75 BUY

Coeur Mining $9 $7.75 BUY

Silvercorp Metals C$7.50 C$7 BUY

Alamos Gold C$35 C$29.50 BUY

Lundin Gold C$35 C$30.50 HOLD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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raises long term silver price outlook to $35.28/oz vs $33.58/oz previously   ** Canaccord notes that gold equities have been closing the gap with prices of the bullion; since the end of February, S&P/TSX Global Gold Index    has risen 63%, outperforming the 34% increase in gold prices      Brokerage raises PT on the following firms:Company                  New PT    Old PT    RatingNewmont Corp        $66       $59       BUYBarrick Gold       C$35      C$33      BUYKinross Gold         C$19      C$16.50   BUYAgnico Eagle Mines       C$140     C$125     BUYPan American Silver      $32       $28       BUYEndeavour Mining         C$56      C$53      BUYB2Gold             C$8       C$7       BUYHecla Mining         $8        $7.75     BUYCoeur Mining        $9        $7.75     BUYSilvercorp Metals        C$7.50    C$7       BUYAlamos Gold        C$35      C$29.50   BUYLundin Gold        C$35      C$30.50   HOLD(Reporting by Pooja Menon in Bengaluru)((Pooja.Menon@thomsonreuters.com;))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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