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RBC Lowers Vale Price Target After 'Enormous Tragedy' In Brazil, Anticipates $10B Liability
Monday, February 4, 2019 - 3:56pm | 387Read More...Brazilian mine operator Vale SA (NYSE: VALE) dominated news headlines after one of its dams in the town of Brumadinho burst, killing dozens of people, with hundreds still missing. The fallout could weigh on investor sentiment and the stock, according to RBC Capital Markets. The Analyst...
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Rio Tinto No Longer 'Top Pick' At RBC, But Still Viewed Favorably
Tuesday, August 15, 2017 - 12:19pm | 338Read More...RBC Capital Markets' Tyler Broda turned slightly less bullish on Rio Tinto plc (ADR) (NYSE: RIO) by downgrading the London-listed stock rating from Top Pick to Outperform with an unchanged 4,200p price target, which implies upside from Tuesday's opening price of 3,382.50p. One of the reasons to...
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RBC: Gold Worth $1,300/Oz Long-Term
Monday, April 11, 2016 - 4:53pm | 279Read More...RBC increased its forecast for gold prices for 2016 to $1,250/oz and from 2017 onwards to $1,300/oz and maintained a favorable long-term stance on the commodity. Gold for June delivery rose 1.09 percent to $1,257.30. "Regression analysis suggests a -0.5% real rate would imply a $1,380/oz...
