BMO Capital Cuts Price Targets on 9 Gold/Silver Stocks (AUY, SLW, KGC, ABX, more..)

November 21, 2008 10:10 AM EST

BMO Capital lowered its price targets on numerous gold and silver-related stocks this morning:

  • Yamana Gold (NYSE: AUY) downgraded from Outperform to Market Perform, price target cut from $10 to $5
  • Silver Wheaton (NYSE: SLW) downgraded from Outperform to Market Perform, price target cut from $10 to $3.75
  • Goldcorp (NYSE: GG) price target cut from $36 to $30
  • Kinross Gold (NYSE: KGC) from $20 to $18
  • Barrick Gold (NYSE: ABX) from $44 to $32
  • Iamgold (NYSE: AIG) from $6 to $4
  • Great Basin Gold (NYSE: GBN) from $2.25 to $1.50
  • Teck Cominco (NYSE: TCK) from C$30 to C$3
  • Harry Winston (NYSE: HWD) from C$25 to C$12


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Analyst Comments
Downgrades

Stocks Mentioned

ABX 47.01

-0.92 -1.92%
Volume: 14,913,781
Track ABX

AIG 29.79

-1.40 -4.49%
Volume: 10,234,038
Track AIG

AUY 13.55

-0.52 -3.70%
Volume: 21,595,051
Track AUY

GBN 11.01

-0.04 -0.36%
Volume: 2,725
Track GBN

GG 45.24

-0.68 -1.48%
Volume: 10,217,762
Track GG

HWD 10.01

+0.06 +0.60%
Volume: 81,749
Track HWD

KGC 21.50

-0.47 -2.14%
Volume: 9,122,150
Track KGC

SLW 17.06

-0.26 -1.50%
Volume: 7,879,115
Track SLW

TCK 35.50

-0.62 -1.72%
Volume: 6,160,982
Track TCK


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