UBS on Gold Stocks: Downgrades GG, AEM, Raises Price Targets on ABX, KGC, NEM, AUY

October 14, 2009 9:17 AM EDT

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


Related Categories

Analyst Comments
Downgrades

Stocks Mentioned

ABX 42.54

-1.45 -3.30%
Volume: 7,246,130
Track ABX

AEM 62.42

-2.60 -4.00%
Volume: 3,006,021
Track AEM

AUY 13.18

-0.68 -4.91%
Volume: 15,585,295
Track AUY

EGO 13.32

-0.71 -5.06%
Volume: 4,926,795
Track EGO

GG 42.44

-1.99 -4.48%
Volume: 7,121,835
Track GG

IAG 18.68

-1.24 -6.22%
Volume: 5,162,112
Track IAG

KGC 19.37

-0.93 -4.58%
Volume: 6,196,050
Track KGC

NEM 53.35

-1.55 -2.82%
Volume: 5,970,084
Track NEM

SLW 16.00

-0.81 -4.82%
Volume: 7,206,286
Track SLW

SVM 7.35

-0.46 -5.89%
Volume: 2,086,251
Track SVM


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