Andrew Quail

The base and bulk price decks for commodities have been raised, since some price rallies are expected to be “more sustainable than others,” Goldman Sachs’ Andrew Quail said in a report. He maintains a Neutral rating on Alcoa Corporation (NYSE: AA), while raising the price target...

Goldman Sachs’ Andrew Quail believes the sharp 11 percent decline in Alcoa Inc (NYSE: AA) shares the day after Q3 results were announced was driven by the downstream guidance for 2016. Quail maintained a Neutral rating on the company, while lowering the price target from $30 to $28. The...

Weighed down by a miss in the Primary Metals segment, Alcoa Inc (NYSE: AA) kicked off the third quarter earnings season on a disappointing note, while investors are focusing on the pending company split. However, Goldman Sachs maintained its Neutral rating and six-month $30 price target. Alcoa...

Goldman Sachs’ Andrew Quail expects Alcoa Inc (NYSE: AA) to report its Q3:16 EPS at $0.37, ahead of the consensus forecast. Quail maintains a Neutral rating on the company with a price target of $30. Weaker Downstream “Lower commodity prices and continued pressure in certain downstream...

Goldman Sachs’ Andrew Quail believes Barrick Gold Corporation (USA) (NYSE: ABX) shares are well positioned to outperform peers and continue to “flag idiosyncratic opportunities.” Furthermore, the firm believes the company’s self-help story remains intact. Quail maintains a...

Goldman Sachs’ Andrew Quail believes the 87 ppt underperformance seen by Eldorado Gold Corp (USA) (NYSE: EGO) versus the GDX, year to date, was unwarranted. Quail upgraded the rating on the company from Neutral to Buy, while raising the price target from $4.40 to $5.00. Growth...

With Teck Resources Ltd (USA) (NYSE: TCK) shares having appreciated 74 percent since mid-May, as compared to the 7 percent increase in the S&P 500, Goldman Sachs’ Andrew Quail believes the stock valuation is no longer attractive at the current levels. Quail downgraded the rating on the...

Goldman Sachs has reiterated its Conviction Buy rating and $27 price target on Barrick Gold Corporation (USA) (NYSE: ABX) despite the mining company's quarterly results missing the Street's view. Barrick reported second-quarter EPS/revenue of $0.14/$2.01 billion versus consensus estimate of $0.15/$...

Following the Brexit, with UK voting in favor of leaving the EU, investors increasingly moved towards safer options, resulting in a decline in US 10-year treasury yields from 1.74 percent to 1.57 percent, which pushed gold prices higher by about 5 percent on June 14. Goldman Sachs’ Andrew...

The Brexit is now a reality, with UK’s vote going in favor of a departure from the EU. Investors reacted with “a flight to safety,” resulting in a decline in US 10-year treasury yields from 1.74 percent to 1.57 percent, driving gold prices up about 5 percent on June 14. Goldman...

The worst part of the three-year decline in gold prices may be over. Goldman Sachs analyst Andrew Quail has raised the firm’s price target for gold and issued two stock upgrades and two downgrades among gold miners. Goldman has upped its 2017 gold price forecast from $1,000/oz to $1,150/oz....