Brad Humphrey

IAMGOLD Corp (USA) (NYSE: IAG) shares are up 5 percent in the last five trading days. Morgan Stanley’s Brad Humphrey initiated coverage of the company with an Underweight rating and a price target of $1.35. A higher cost structure and challenges with growth are likely to be...

In a report published Sunday, Morgan Stanley analyst Brad Humphrey commented that Barrick Gold Corporation's (NYSE: ABX) $3 billion debt reduction plan was "ambitious" when first introduced in late 2014, but accomplishing it by the year-end deadline will require "significantly...

In a report published Thursday, Morgan Stanley analyst Brad Humphrey downgraded the rating on AuRico Gold (NYSE: AUQ) from Equal-Weight to Underweight, and lowered the price target from $4.60 to $4.30. In the report, Morgan Stanley noted, “AUQ's management has done an impressive job with the ramp-...

In a report published Monday, Morgan Stanley analyst Brad Humphrey reiterated an Equal-Weight rating and $20.50 price target on Barrick Gold Corporation (NYSE: ABX). In the report, Morgan Stanley noted, “We visited 2 of ABX's 5 core assets, Cortez & Goldstrike, in order to get a sense of the...

In a report published Thursday, Morgan Stanley analyst Brad Humphrey reiterated an Overweight rating on Yamana Gold, Inc. (USA) (NYSE: AUY), but lowered the price target from $11.50 to $10.70. In the report, Morgan Stanley noted, “Operating update supports expectations for str 2H. We continue to...

In a report published Tuesday, Morgan Stanley analyst Brad Humphrey reiterated an Equal-Weight rating on Franco-Nevada (NYSE: FNV), but removed the $52.00 price target. In the report, Morgan Stanley noted, “With the largest impact of the new agreement being the higher ongoing costs to FNV, we...

In a report published Thursday, Morgan Stanley analyst Brad Humphrey initiated coverage on Royal Gold (NASDAQ: RGLD) with an Overweight rating and $77.00 price target. In the report, Morgan Stanley noted, “We expect RGLD to be FCF positive in F2014 and will increase revenue ~50% by F2017. With...

Gold’s drop in value has been almost unstoppable since the metal gave up the $1,290 level earlier this week. Morgan Stanley initiated several royalty and streaming gold companies Thursday morning. Brad Humphrey of Morgan Stanley began by saying, “The group’s [royalty gold stocks] distinct...

In a report published Monday, Morgan Stanley analyst Brad Humphrey reiterated an Overweight rating on Agnico Eagle Mines Ltd. (NYSE: AEM), and raised the price target from $36.00 to $37.00. In the report, Morgan Stanley noted, “After a considerable beat in Q1 from higher output and lower costs,...

In a report published Wednesday, Morgan Stanley analyst Brad Humphrey reiterated an Equal-Weight rating on Goldcorp (NYSE: GG), and raised the price target from $24.10 to $26.40. In the report, Morgan Stanley noted, “Should all go according to plan, with 3 large projects nearing fruition along...

In a report published Friday, Morgan Stanley analyst Brad Humphrey reiterated an Overweight rating on Agnico Eagle Mines (NYSE: AEM), and raised the price target from $32.60 to $36.00. In the report, Morgan Stanley noted, “Consistently exceeding expectations with solid operations in stable...

In a report published Tuesday, Morgan Stanley analyst Brad Humphrey reiterated an Overweight rating on Yamana Gold (NYSE: AUY), and raised the price target from $11.50 to $12.00. In the report, Morgan Stanley noted, “AUY released operating results for 2013 confirming our expectations for both a...

In a report published Tuesday, Morgan Stanley analyst Brad Humphrey downgraded the rating on IAMGOLD Corp. (NYSE: IAG) from Equal-Weight to Underweight, but reiterated the $4.75 price target. In the report, Morgan Stanley noted, “IAG shares are trading at ~4.5x 2014 EBITDA and likely already...

In a report published Tuesday, Morgan Stanley analyst Brad Humphrey upgraded the rating on Kinross Gold Corporation (NYSE: KGC) from Underweight to Equal-Weight, and raised the price target from $5.00 to $5.75. In the report, Morgan Stanley noted, “Kinross offers the lowest base metal exposure...

In a report published Tuesday, Morgan Stanley analyst Brad Humphrey reiterated an Equal-Weight rating on Barrick Gold Corporation (NYSE: ABX), and raised the price target from $18.00 to $20.80. In the report, Morgan Stanley noted, “Although across many valuation metrics ABX appears inexpensive and...