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Gold prices remain above $1,800 an ounce, although several drivers suggest higher prices could be in order this year. As a result, RBC Capital Markets maintains its Overweight rating on precious metals. The firm also maintains its Market Weight rating on base metals because it expects the copper price to moderate later in the year.
In a recent note, RBC Capital Markets analysts outlined their best ideas for the mining sector. They added
Champion Iron (TSX: CIA),
Northern Star Resources (ASX: NST) and
Osisko Gold Royalties (NYSE: OR) to their list. They also removed
IGO Limited (ASX: IGO),
SSR Mining (NASDAQ: SSRM) and