Loading ...I get news pop-ups on my watch list tickers with my Schwab software. This one was on RGLD.
** Canaccord Genuity analyst Tony Lesiak says gold equities on avg continue to underperform in 2017 with gold prices outperforming larger gold miners by 16 pct
** Lesiak says valuation divergence may persist until we see the return of the generalist investor, adding that the need for liquidity should persist given the poorly rooted gold price
** Strong operating performance and organic value accretion is being rewarded such as IAMGOLD and Kinross while mid-cap consolidation is not, says Lesiak, who is rated 4 on 5 stars for overall recommendation accuracy, according to TR StarMine
** Brokerage notes the flows could move down the quality ladder, to a certain degree and favor the likes of Goldcorp , which may be finally emerging from its underperformance or Wheaton Precious, which has lagged in the royalty sector.
http://ca.reuters.com/article/companyNews/idCAL4N1MA449?rpc=401&