2022 is set to be another challenging year for gold miner Centamin from a cash-flow perspective, but over the next 12 months, production and costs should start to move in the right direction, Tyler Broda from RBC Capital Markets said.
There are a lot of catalysts this year, including updates on exploration, a pre-feasibility study for the Doropo project in Ivory Coast and a potential change in the company's capital structure, Broda noted.
Centamin shares continue to be attractive, considering the upside potential of its flagship Sukari gold mine in Egypt, and the unpriced optionality associated with its other exploration projects, Broda said, reaffirming an outperform rating on the stock.
Expected Major Events for Monday
00:30/JPN: Jan Japan Flash Manufacturing PMI
08:15/FRA: Jan France Flash PMI
08:30/GER: Jan Germany Flash PMI
09:30/UK: Jan Flash UK PMI
13:30/US: Dec CFNAI Chicago Fed National Activity Index
14:45/US: Jan US Flash Manufacturing PMI
14:45/US: Jan US Flash Services PMI
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Monday
Advaxis Inc (ADXS) is expected to report for 4Q.
AltiGen Communications (ATGN) is expected to report for 1Q.
Atlantic Capital Bancshares Inc (ACBI) is expected to report $0.52 for 4Q.
BancorpSouth Bank is expected to report $-0.52 for 4Q.
Bank Of Marin Bancorp (BMRC) is expected to report $0.60 for 4Q.
Bank of Hawaii Corp (BOH) is expected to report $1.35 for 4Q.
Brown & Brown (BRO) is expected to report $0.39 for 4Q.
Business First Bancshares Inc (BFST) is expected to report for 4Q.
California First Leasing Corp (CFNB) is expected to report for 2Q.
City Holding Co (CHCO) is expected to report $1.33 for 4Q.
Community Bank System (CBU) is expected to report $0.82 for 4Q.
Crane Co (CR) is expected to report $1.18 for 4Q.
Enterprise Financial Services Corp (EFSC) is expected to report $1.18 for 4Q.
Equity Lifestyle Properties Inc (ELS) is expected to report for 4Q.
Esquire Financial Holdings Inc (ESQ) is expected to report $0.65 for 4Q.
First Capital Inc (FCAP) is expected to report for 4Q.
Flexsteel (FLXS) is expected to report for 2Q.
German American Bancorp (GABC) is expected to report $0.73 for 4Q.
Great Southern Bancorp (GSBC) is expected to report $1.27 for 4Q.
Halliburton Co (HAL) is expected to report $0.35 for 4Q.
HomeStreet Inc (HMST) is expected to report $1.31 for 4Q.
Hope Bancorp Inc (HOPE) is expected to report $0.41 for 4Q.
IBM (IBM) is expected to report $3.08 for 4Q.
Inter Parfums Inc (IPAR) is expected to report for 4Q.
Investar Holding Corp (ISTR) is expected to report $0.54 for 4Q.
Magyar Bancorp (MGYR) is expected to report for 1Q.
Northwest Bancshares Inc (NWBI) is expected to report $0.22 for 4Q.
Park National (PRK) is expected to report $2.14 for 4Q.
Peoples Bancorp of NC (PEBK) is expected to report for 4Q.
PetMed Express (PETS) is expected to report $0.31 for 3Q.
RBB Bancorp (RBB) is expected to report $0.73 for 4Q.
ServisFirst Bancshares Inc (SFBS) is expected to report $0.98 for 4Q.
Sierra Bancorp (BSRR) is expected to report $0.66 for 4Q.
SmartFinancial Inc (SMBK) is expected to report $0.48 for 4Q.
Southern Missouri Bancorp Inc (SMBC) is expected to report $1.21 for 2Q.
Steel Dynamics (STLD) is expected to report $5.78 for 4Q.
Timberland Bancorp Inc (TSBK) is expected to report for 1Q.
Trustco Bank Corp (TRST) is expected to report for 4Q.
WSFS Financial (WSFS) is expected to report $-0.08 for 4Q.
Zions Bancorp (ZION) is expected to report $1.31 for 4Q.
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ANALYST RATINGS ACTIONS
Activision Blizzard Cut to Market Perform From Outperform by Raymond James
Acumen Pharmaceuticals Raised to Buy From Neutral by B of A Securities
Antero Resources Raised to Buy From Neutral by Goldman Sachs
Beyond Meat Cut to Hold From Reduce by HSBC
Boise Cascade Raised to Neutral From Sell by Goldman Sachs
Callon Petroleum Cut to Underweight From Neutral by JP Morgan
Centennial Resource Devt Raised to Neutral From Underweight by JP Morgan
Cloudflare Raised to Outperform From Neutral by Credit Suisse
Cognizant Tech Solutions Raised to Neutral From Sell by UBS
Commercial Metals Raised to Outperform From Neutral by Exane BNP Paribas
Coty Raised to Buy From Neutral by DA Davidson
Devon Energy Cut to Neutral From Buy by Goldman Sachs
Ecolab Cut to Sector Perform From Outperform by RBC Capital
Eli Lilly Raised to Buy From Hold by DZ Bank
HB Fuller Cut to Neutral From Overweight by JP Morgan
Herc Holdings Raised to Buy From Neutral by Northcoast Research
Inovio Pharma Raised to Neutral From Underperform by B of A Securities
Intuitive Surgical Raised to Buy From Neutral by Citigroup
KB Home Raised to Buy From Neutral by Seaport Global
Louisiana-Pacific Raised to Neutral From Sell by Goldman Sachs
Mayville Engineering Cut to Neutral From Outperform by Baird
Moderna Raised to Neutral From Underperform by B of A Securities
Netflix Cut to Equal-Weight From Overweight by Barclays
Netflix Cut to Equal-Weight From Overweight by Morgan Stanley
Netflix Cut to Hold From Buy by Truist Securities
Netflix Cut to In-Line From Outperform by Evercore ISI Group
Netflix Cut to Neutral From Buy by Monness, Crespi, Hardt
Netflix Cut to Neutral From Outperform by Baird
Netflix Cut to Neutral From Outperform by Credit Suisse
Netflix Cut to Sector Weight From Overweight by Keybanc
Netflix Cut to Underperform From Neutral by Macquarie
Peloton Interactive Raised to Buy From Hold by Stifel
Spire Inc Cut to Neutral From Buy by Guggenheim
SVB Financial Cut to Neutral From Buy by Janney Montgomery Scott
Travelers Cut to Equal-Weight From Overweight by Barclays
Webster Raised to Strong Buy From Outperform by Raymond James
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
01-24-22 0553ET
