BUZZ-Scotiabank raises PTs on gold miners amid macroeconomic uncertainty
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Scotiabank raises price target on gold miners and increases gold price forecast to $4,600/oz from $3,800/oz for 2026The premiums on PTs reflect uncertainty over economic expectations, geopolitical turmoil and strong central bank buyingBrokerage raises PTs on the following companies:COMPANY OLD PT NEW PT UPSIDE TOSTOCK’S LASTCLOSENewmont $114 $152 22.2%Corporation(NEM.N) Barrick $43 $63 23.3%Mining(ABX.TO)(B.N) Kinross Gold $32 $45 21%(K.TO)(KGC.N) Gold Fields $47 $61 14.6%(GFIJ.J)(GFI.N) Agnico Eagle $219 $276 28.6%Mines(AEM.TO)(AEM.N)
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