Agnico, Barrick, and Newmont fall following broad Freedom Broker downgrades
Investing.com -- Mining equities tumbled on Thursday after Freedom Broker issued a sweeping set of downgrades across North America’s top gold producers, citing trimmed near-term EBITDA forecasts, lingering operational risks, and valuation constraints. The analyst actions took a toll on market sentiment, sending shares of Agnico Eagle Mines Limited (NYSE:AEM) down 5.2%, Barrick Mining Corp (NYSE:B) lower by 5.1%, and Newmont Corporation (NYSE:NEM) down 4.1% during morning trading.
Investing.com -- Mining equities tumbled on Thursday after Freedom Broker issued a sweeping set of downgrades across North America’s top gold producers, citing trimmed near-term EBITDA forecasts, lingering operational risks, and valuation constraints. The analyst actions took a toll on market sentiment, sending shares of Agnico Eagle Mines Limited (NYSE:AEM) down 5.2%, Barrick Mining Corp (NYSE:B) lower by 5.1%, and Newmont Corporation (NYSE:NEM) down 4.1% during morning trading.
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