From MineWeb:
Deutsche Bank started coverage of four North American gold companies, favoring those that have higher free cash flow, and said U.S.-based Newmont Mining (NEM.N) was its top pick in the sector.
The brokerage sees gold averaging $1,150 an ounce in 2010 and $1,250 per ounce by 2011, and said institutional investment in the sector remains strong.
Analyst Jorge Beristain, who started Newmont and Canada-based Kinross Gold (K.TO) with "buy" ratings, said...
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