Our opinion:
The rise in prices for the precious metal has a positive effect on the share prices of gold mining companies. Shares of Polymetal and Centerra Gold showed steady growth of 3.4% and 6.7% over the past seven days, respectively. In our opinion, Polymetal and Centerra Gold shares retain further potential for growth due to the positive upward trend in gold prices in the long term. We retain our recommendation to Buy shares of Polymetal and Centerra Gold with 12M TP 940 GBp/share and 9.35 CAD/share.
