Market Overview

The 2 Best Gold Stocks, According to Credit Suisse

Share:
The 2 Best Gold Stocks, According to Credit Suisse

In a note out Tuesday morning, Credit Suisse analyst Ralph M. Profiti highlighted his two top picks in the gold sector, Goldcorp Inc. (USA) (NYSE: GG) and Agnico Eagle Mines Ltd (USA) (NYSE: AEM).

Some highlights from the report:

Goldcorp ($GG) remains our preferred senior gold equity due to its growth profile, strong balance sheet (low absolute level of debt), dividend yield and longer average mine life with strong exploration potential at key assets. GG has already provided 2015 guidance to the market and indicated at an analyst presentation in January that its goal is to grow reserves overall at 2014YE (in contrast to the peer group where we see net depletion as likely).

Agnico Eagle ($AEM) remains one of our top picks in the gold sector due to its strong FCF outlook, operational track record and relatively de-risked 2015 outlook. However, we are slightly cautious into guidance given that the stock has been a top performer YTD and its valuation could now be reflecting better than street expectations on costs, which may be realized over the course of the year but may not be reflected in guidance due to more conservative FX assumptions.

Shares of both Goldcorp and Agnico Eagle Mines are trading slightly lower Tuesday morning, with gold futures showing some weakness.

Latest Ratings for GG

DateFirmActionFromTo
Apr 2019Deutsche BankMaintainsHoldHold
Feb 2019UBSDowngradesBuyNeutral
Jan 2019Vertical ResearchDowngradesBuyHold

View More Analyst Ratings for GG
View the Latest Analyst Ratings

 

Related Articles (AEM + GG)

View Comments and Join the Discussion!

Posted-In: Credit Suisse Gold Ralph M. ProfitiAnalyst Color Long Ideas Analyst Ratings Trading Ideas Best of Benzinga

Latest Ratings

StockFirmActionPT
CAMTStifelInitiates Coverage On19.0
ELMDNorthland Capital MarketsInitiates Coverage On15.0
DKNGUBSInitiates Coverage On52.0
DIODTruist SecuritiesInitiates Coverage On84.0
TGTArgus ResearchUpgrades205.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com