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Fly News Breaks for October 15, 2019
WPM, KGC
Oct 15, 2019 | 06:28 EDT
Barclays analyst Matthew Murphy downgraded both Kinross Gold (KGC) and Wheaton Precious Metals (WPM) to Equal Weight from Overweight ahead of the Q3 earnings season. The analyst, who admits fundamentals for the precious metal miners continue to improve, sees valuations in the North America Metals and Mining space as "quite full." He cites valuation for both downgrades.
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