Even though shares of most miners have doubled or tripled off their January lows
This has been an incredible year for gold equities, with shares of most miners doubling or tripling off their lows in January. But if analysts at Canaccord Genuity Group Inc. are right, there is more upside to come.
Analysts Tony Lesiak, Rahul Paul and Peter Bures hiked their price targets on 27 precious metals stocks on Tuesday, with the large-cap producers being raised by an average of 25 per cent each. For example, they increased their target on Barrick Gold Corp.’s shares by 27 per cent (to $33), and on Kinross Gold Corp.’s shares by 26 per cent (to $9.75).
Read more at financialpost.com
