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National Bank of Canada Provides Post Q2 Reporting Scorecard for Precious Metal Companies

BY MT Newswires | ECONOMIC | 08/20/25 11:34 AM EDT

11:34 AM EDT, 08/20/2025 (MT Newswires) -- National Bank of Canada on Wednesday provided its scorecard for precious metal companies following the sconf-quarter reporting season.

Companies with previously outlined target price revisions of 10% or more include: SSR Mining (SSR.TO), OceanaGold (OCANF) EMX Royalty (EMX) and Newmont (NEM) .

The bank said the names best positioned after the earnings season include Endeavour Mining (EDVMF) and Kinross Gold (KGCRF) among senior producers.

For intermediates/juniors, the bank listed Alamos Gold (AGI) , Artemis Gold (ARGTF) , Discovery (DSV.TO), IAMGOLD (IAG) and Torex Gold (TXG.TO).

National Bank picked Endeavour Silver (EXK) among the silver companies.

"Across our coverage, EV/EBITDA multiples expanded +10% for seniors, +8% for intermediates, while the silver producers saw compression of -10% on the back of the strong positive revisions to 2025 estimates, National Bank said.

"We attribute the strong performance from the senior group to cost controls paired with delivering on share buybacks," the bank added.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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