UBS on Gold Stocks: Downgrades GG, AEM, Raises Price Targets on ABX, KGC, NEM, AUY
Among two downgrades this morning, analysts at UBS have also adjusted price targets on numerous stocks in the Gold & Silver sector:
- Goldcorp (NYSE: GG) downgraded from Buy to Neutral, target goes from $42 to $46
- Agnico-Eagle Mines (NYSE: AEM) downgraded from Buy to Neutral, target goes from $69 to $77
- Barrick Gold (NYSE: ABX) price target raised from $46 to $50, maintains Buy
- Kinross Gold (NYSE: KGC) price target raised from $23 to $27, maintains Buy
- Newmont Mining (NYSE: NEM) price target raised from $58 to $61, maintains Buy
- Yamana Gold (NYSE: AUY) price target from $13 to $14, maintains Buy
- Silver Wheaton (NYSE: SLW) price target from $15 to $16.50, maintains Buy
- Eldorado Gold (NYSE: EGO) price target raised from $11.50 to $13, maintains Neutral
- Iamgold (NYSE: IAG) price target raised from $14 to $15.50, maintains Neutral
- Silvercorp Metals (AMEX: SVM) price target raised from $4.70 to $5.50, maintains Neutral
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